NVR, Inc. $NVR Holdings Raised by Citigroup Inc.

Citigroup Inc. boosted its stake in NVR, Inc. (NYSE:NVR) by 30.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,252 shares of the construction company’s stock after acquiring an additional 1,215 shares during the quarter. Citigroup Inc.’s holdings in NVR were worth $42,198,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NVR. Assetmark Inc. lifted its stake in shares of NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares during the period. State of Wyoming bought a new stake in NVR during the second quarter worth approximately $44,000. Zions Bancorporation National Association UT lifted its position in NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after purchasing an additional 6 shares during the period. CYBER HORNET ETFs LLC bought a new position in NVR during the 2nd quarter valued at $59,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of NVR during the 2nd quarter valued at $66,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research report on Thursday, January 29th. UBS Group set a $8,100.00 target price on shares of NVR in a report on Friday, February 13th. Finally, BTIG Research began coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVR currently has an average rating of “Moderate Buy” and a consensus price target of $8,279.40.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the transaction, the director owned 386 shares in the company, valued at approximately $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. 7.80% of the stock is owned by insiders.

NVR Trading Up 0.6%

Shares of NVR opened at $7,501.21 on Wednesday. The business’s 50-day moving average price is $7,572.75 and its 200 day moving average price is $7,696.11. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $20.93 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.56 and a beta of 1.03. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm earned $139.93 earnings per share. The business’s quarterly revenue was down 5.2% on a year-over-year basis. Analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback plan on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.