Fideuram Asset Management Ireland dac Takes $705,000 Position in NVR, Inc. $NVR

Fideuram Asset Management Ireland dac purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 97 shares of the construction company’s stock, valued at approximately $705,000.

Several other large investors have also recently added to or reduced their stakes in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in NVR during the fourth quarter worth about $3,989,000. Moors & Cabot Inc. raised its holdings in NVR by 8.3% during the fourth quarter. Moors & Cabot Inc. now owns 65 shares of the construction company’s stock worth $474,000 after purchasing an additional 5 shares in the last quarter. Intech Investment Management LLC raised its holdings in NVR by 48.2% during the fourth quarter. Intech Investment Management LLC now owns 169 shares of the construction company’s stock worth $1,232,000 after purchasing an additional 55 shares in the last quarter. Newport Capital Group LLC purchased a new position in NVR during the fourth quarter worth about $106,372,000. Finally, IFG Advisory LLC raised its holdings in NVR by 4.0% during the fourth quarter. IFG Advisory LLC now owns 361 shares of the construction company’s stock worth $2,633,000 after purchasing an additional 14 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director owned 25 shares in the company, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company’s stock.

NVR Trading Down 0.9%

Shares of NVR stock opened at $6,102.06 on Friday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The stock has a market cap of $16.48 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 4.50 and a beta of 0.95. The company has a 50-day moving average of $6,362.93 and a two-hundred day moving average of $7,048.61.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $94.83 earnings per share. The company’s quarterly revenue was down 21.7% on a year-over-year basis. On average, research analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVR shares. Truist Financial cut their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Bank of America cut their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. BTIG Research reissued a “buy” rating and set a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Seaport Research Partners reissued a “sell” rating and set a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.