Mediolanum International Funds Ltd Cuts Position in NVR, Inc. $NVR

Mediolanum International Funds Ltd trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239 shares of the construction company’s stock after selling 102 shares during the period. Mediolanum International Funds Ltd’s holdings in NVR were worth $1,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. acquired a new position in NVR in the 4th quarter valued at about $11,610,000. AustralianSuper Pty Ltd acquired a new stake in shares of NVR during the fourth quarter worth about $4,835,000. Norges Bank acquired a new stake in shares of NVR during the fourth quarter worth about $311,496,000. SG Americas Securities LLC boosted its stake in shares of NVR by 669.5% in the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after purchasing an additional 3,682 shares during the period. Finally, Tudor Investment Corp ET AL boosted its stake in shares of NVR by 1,245.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock valued at $8,107,000 after purchasing an additional 934 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

NVR Stock Down 1.7%

NVR stock opened at $6,339.04 on Wednesday. The company’s 50 day moving average price is $6,330.51 and its 200 day moving average price is $6,803.80. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 4.80 and a beta of 0.90. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week 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.

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 firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm earned $94.83 EPS. The firm’s revenue was down 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post 371.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on NVR. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. BTIG Research reissued a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, UBS Group reduced their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $7,478.50.

About NVR

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.