Fifth Third Bancorp Boosts Stock Holdings in NVR, Inc. $NVR

Fifth Third Bancorp grew its holdings in NVR, Inc. (NYSE:NVR) by 1,597.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 662 shares of the construction company’s stock after purchasing an additional 623 shares during the quarter. Fifth Third Bancorp’s holdings in NVR were worth $4,365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NVR. DV Equities LLC bought a new position in shares of NVR during the fourth quarter valued at approximately $29,000. Strive Financial Group LLC bought a new position in NVR in the fourth quarter worth approximately $29,000. Oakworth Capital Inc. bought a new position in NVR in the fourth quarter worth approximately $36,000. State of Wyoming purchased a new stake in NVR during the second quarter worth $44,000. Finally, USA Financial Formulas lifted its holdings in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director directly owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.

NVR Price Performance

NYSE NVR opened at $6,489.54 on Friday. The firm’s fifty day simple moving average is $6,308.72 and its two-hundred day simple moving average is $6,820.45. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The firm has a market capitalization of $17.52 billion, a P/E ratio of 15.82, a P/E/G ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR) last issued its quarterly 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 return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $94.83 earnings per share. The business’s revenue for the quarter was down 21.7% on a year-over-year basis. Analysts forecast that NVR, Inc. will post 372.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NVR has been the topic of several recent research reports. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group decreased their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NVR currently has an average rating of “Hold” and an average target price of $7,649.33.

NVR 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.