Fifth Third Bancorp Buys 2 Shares of NVR, Inc. $NVR

Fifth Third Bancorp grew its position in shares of NVR, Inc. (NYSE:NVR) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33 shares of the construction company’s stock after purchasing an additional 2 shares during the quarter. Fifth Third Bancorp’s holdings in NVR were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NVR. AdvisorNet Financial Inc acquired a new stake in shares of NVR during the second quarter valued at about $30,000. Olde Wealth Management LLC acquired a new stake in shares of NVR during the first quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR during the first quarter valued at about $36,000. Ridgewood Investments LLC boosted its stake in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new stake in shares of NVR during the first quarter valued at about $36,000. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Down 0.7%

NYSE NVR opened at $8,042.11 on Wednesday. The business has a 50 day moving average price of $8,070.33 and a 200-day moving average price of $7,528.38. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 11.26 and a beta of 0.95. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $120.69 earnings per share. NVR’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director owned 75 shares in the company, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 975 shares of company stock worth $7,869,360. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVR. UBS Group lifted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Profile

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.