Citigroup Inc. Raises Stock Holdings in NVR, Inc. $NVR

Citigroup Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,252 shares of the construction company’s stock after purchasing an additional 1,215 shares during the quarter. Citigroup Inc. owned 0.18% of NVR worth $42,198,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP grew its holdings in NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after acquiring an additional 56 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of NVR by 30.0% in the 2nd quarter. D.A. Davidson & CO. now owns 169 shares of the construction company’s stock worth $1,248,000 after purchasing an additional 39 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of NVR by 37.8% in the 2nd quarter. Wealthfront Advisers LLC now owns 277 shares of the construction company’s stock worth $2,046,000 after purchasing an additional 76 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of NVR by 10.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,527 shares of the construction company’s stock valued at $70,366,000 after purchasing an additional 940 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at approximately $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. 7.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NVR. BTIG Research assumed coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research report on Thursday, January 29th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NVR currently has a consensus rating of “Moderate Buy” and an average target price of $8,279.40.

NVR Price Performance

Shares of NVR opened at $7,501.21 on Wednesday. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The stock has a fifty day moving average price of $7,572.75 and a 200 day moving average price of $7,696.11. The company has a market cap of $20.93 billion, a P/E ratio of 17.16, a PEG ratio of 2.56 and a beta of 1.03.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $139.93 earnings per share. On average, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

NVR Profile

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.