NVR, Inc. (NYSE:NVR) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147 shares of the construction company’s stock after acquiring an additional 33 shares during the period. Mediolanum International Funds Ltd’s holdings in NVR were worth $1,429,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in NVR by 0.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 418 shares of the construction company’s stock worth $3,389,000 after purchasing an additional 2 shares in the last quarter. Monument Capital Management acquired a new position in NVR in the first quarter worth about $211,000. Denali Advisors LLC grew its stake in NVR by 23.1% in the first quarter. Denali Advisors LLC now owns 80 shares of the construction company’s stock worth $648,000 after purchasing an additional 15 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in NVR in the first quarter worth about $227,000. Finally, First Trust Direct Indexing L.P. acquired a new position in NVR in the first quarter worth about $202,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVR shares. UBS Group lifted their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd.

NVR Stock Performance

Shares of NYSE NVR opened at $9,329.74 on Monday. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $9,401.06 and its two-hundred day moving average price is $8,393.35. NVR, Inc. has a 52-week low of $5,326.16 and a 52-week high of $9,964.77. The stock has a market capitalization of $28.74 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.32 and a beta of 1.19.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.18% and a net margin of 16.51%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business earned $125.26 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that NVR, Inc. will post 500.28 earnings per share for the current year.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.00% of the company’s stock.

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.