Amundi Acquires 1,256 Shares of NVR, Inc. $NVR

Key Points

• Amundi increased its NVR stake by 20.6% in the first quarter, purchasing 1,256 additional shares to hold 7,365 shares valued at approximately $48.5 million. Institutional investors collectively own 83.67% of NVR.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $7,224.20; recent targets range from $5,664 to $7,446.
• NVR’s latest quarter showed revenue declining 10.5% year over year to $2.34 billion, while the company reported $83.96 in EPS and opened trading at $6,165.25, near the lower portion of its 12-month range.

Amundi lifted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 20.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,365 shares of the construction company's stock after purchasing an additional 1,256 shares during the period. Amundi owned 0.27% of NVR worth $48,534,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. DV Equities LLC acquired a new stake in NVR in the 4th quarter worth $29,000. Strive Financial Group LLC bought a new position in NVR during the fourth quarter valued at about $29,000. Oakworth Capital Inc. bought a new stake in NVR in the 4th quarter valued at $36,000. State of Wyoming bought a new position in shares of NVR during the 2nd quarter worth about $44,000. Finally, Clearstead Advisors LLC increased its position in shares of NVR by 75.0% during the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company's stock worth $51,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

NVR has been the topic of several research analyst reports. BTIG Research set a $7,446.00 target price on NVR in a report on Friday, July 24th. Seaport Research Partners reissued a "sell" rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. UBS Group lowered their target price on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Weiss Ratings lowered shares of NVR from a "hold (c)" rating to a "sell (d+)" rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7,224.20.

NVR Stock Up 0.3%

Shares of NVR opened at $6,165.25 on Monday. The stock's 50-day moving average price is $6,411.55 and its two-hundred day moving average price is $6,746.23. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a market capitalization of $16.65 billion, a PE ratio of 15.99, a PEG ratio of 10.14 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $108.54 EPS. The business's revenue was down 10.5% on a year-over-year basis. On average, analysts anticipate that NVR, Inc. will post 371.98 EPS for the current year.

NVR Company 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.

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