Generali Asset Management SPA SGR Purchases New Holdings in NVR, Inc. (NYSE:NVR)

Generali Asset Management SPA SGR purchased a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, HoldingsChannel reports. The firm purchased 622 shares of the construction company’s stock, valued at approximately $5,087,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Proficio Capital Partners LLC acquired a new stake in shares of NVR in the fourth quarter valued at approximately $3,277,825,000. Jennison Associates LLC acquired a new stake in shares of NVR in the third quarter valued at approximately $348,545,000. Corient Private Wealth LLC increased its holdings in shares of NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock valued at $73,512,000 after purchasing an additional 8,655 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in NVR during the 4th quarter worth $37,942,000. Finally, Amundi grew its holdings in NVR by 82.9% during the 4th quarter. Amundi now owns 9,131 shares of the construction company’s stock worth $73,102,000 after acquiring an additional 4,139 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9,356.67.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.00% of the company’s stock.

NVR Price Performance

NVR opened at $7,183.75 on Wednesday. The company has a fifty day moving average price of $7,648.07 and a two-hundred day moving average price of $8,590.49. The firm has a market capitalization of $21.48 billion, a PE ratio of 14.15, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.