Mediolanum International Funds Ltd Reduces Stake in NVR, Inc. $NVR

Mediolanum International Funds Ltd decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 29.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 239 shares of the construction company’s stock after selling 102 shares during the quarter. Mediolanum International Funds Ltd’s holdings in NVR were worth $1,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in NVR by 9.6% during the first quarter. California Public Employees Retirement System now owns 5,845 shares of the construction company’s stock worth $38,518,000 after purchasing an additional 511 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of NVR by 15.8% in the 1st quarter. Bessemer Group Inc. now owns 132 shares of the construction company’s stock valued at $870,000 after buying an additional 18 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of NVR in the 1st quarter valued at $15,480,000. Regency Capital Management Inc. DE grew its position in shares of NVR by 8.2% in the 1st quarter. Regency Capital Management Inc. DE now owns 172 shares of the construction company’s stock valued at $1,133,000 after buying an additional 13 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in NVR by 17.0% during the 1st quarter. D.A. Davidson & CO. now owns 234 shares of the construction company’s stock worth $1,542,000 after acquiring an additional 34 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR stock opened at $6,339.04 on Wednesday. The stock’s 50-day moving average price is $6,330.51 and its 200 day moving average price is $6,803.80. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $17.12 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 4.80 and a beta of 0.90. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share 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 company 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 business posted $94.83 earnings per share. The firm’s revenue was down 21.7% compared to the same quarter last year. As a group, equities research analysts forecast that NVR, Inc. will post 371.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Finally, UBS Group dropped their price target 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 given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7,478.50.

Insider Activity

In related news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director directly 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 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.

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.