97 Shares in NVR, Inc. $NVR Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 97 shares of the construction company’s stock, valued at approximately $705,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp boosted its stake in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after acquiring an additional 56,576 shares in the last quarter. Close Asset Management Ltd acquired a new position in NVR in the third quarter valued at $148,939,000. Citadel Advisors LLC boosted its stake in NVR by 318.4% in the third quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock valued at $154,386,000 after acquiring an additional 14,623 shares in the last quarter. Newport Capital Group LLC acquired a new position in NVR in the fourth quarter valued at $106,372,000. Finally, Capital Research Global Investors boosted its stake in NVR by 8.0% in the third quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock valued at $1,068,634,000 after acquiring an additional 9,877 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction dated Friday, April 24th. The stock was acquired 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 of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $6,102.06 on Friday. The company has a 50-day simple moving average of $6,362.93 and a 200-day simple moving average of $7,048.61. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 4.50 and a beta of 0.95.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the company posted $94.83 earnings per share. NVR’s quarterly revenue was down 21.7% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NVR shares. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Bank of America decreased their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. UBS Group decreased their price objective on shares of 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. BTIG Research restated a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.