Generali Asset Management SPA SGR Acquires 113 Shares of NVR, Inc. $NVR

Key Points

• Generali Asset Management SPA SGR increased its stake in NVR, Inc. by 28.5%, owning 510 shares valued at $3,767,000 after acquiring an additional 113 shares in the second quarter.
• Insider trading activity shows significant sales, with CAO Matthew B. Kelpy selling 600 shares for $4.86 million, indicating a 74.26% decrease in his ownership.
• Analysts have recently raised their price targets for NVR, with a consensus rating of "Hold" and an average price target of $8,250.

Generali Asset Management SPA SGR grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 28.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510 shares of the construction company's stock after purchasing an additional 113 shares during the quarter. Generali Asset Management SPA SGR's holdings in NVR were worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd boosted its position in shares of NVR by 61.5% in the second quarter. Bayforest Capital Ltd now owns 63 shares of the construction company's stock worth $465,000 after purchasing an additional 24 shares during the period. TD Asset Management Inc boosted its position in shares of NVR by 0.7% in the second quarter. TD Asset Management Inc now owns 20,673 shares of the construction company's stock worth $152,684,000 after purchasing an additional 140 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of NVR by 8.1% in the second quarter. Sequoia Financial Advisors LLC now owns 40 shares of the construction company's stock worth $295,000 after purchasing an additional 3 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of NVR by 12.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 303 shares of the construction company's stock worth $2,238,000 after purchasing an additional 33 shares during the period. Finally, Apollon Wealth Management LLC bought a new position in shares of NVR in the second quarter worth approximately $244,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last 90 days. 7.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group upped their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America lowered their target price on shares of NVR from $9,100.00 to $9,000.00 and set a "buy" rating on the stock in a report on Friday, October 10th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NVR presently has a consensus rating of "Hold" and an average price target of $8,250.00.

NVR Price Performance

NVR stock opened at $7,644.56 on Thursday. The company has a market capitalization of $21.94 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 10.76 and a beta of 0.94. The company's fifty day moving average price is $8,075.37 and its 200-day moving average price is $7,569.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $120.69 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR Company 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.

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