Mediolanum International Funds Ltd Purchases 422 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Mediolanum International Funds Ltd increased its stake in NVR, Inc. by 109.3%, reaching a value of $5.80 million by owning 808 shares, after acquiring an additional 422 shares in the first quarter.
• Several institutional investors have significantly ramped up their holdings in NVR, with JPMorgan Chase & Co. boosting their stake by 165.8% to own nearly 37,000 shares valued at $302.61 million.
• NVR reported earnings that exceeded analyst expectations, with an earnings per share of $108.54, surpassing the consensus estimate of $104.89, despite a 0.5% decline in revenue compared to the same quarter last year.

Mediolanum International Funds Ltd increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 109.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 808 shares of the construction company's stock after purchasing an additional 422 shares during the quarter. Mediolanum International Funds Ltd's holdings in NVR were worth $5,803,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after acquiring an additional 159,358 shares in the last quarter. Siemens Fonds Invest GmbH lifted its holdings in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Norges Bank acquired a new stake in NVR during the 4th quarter valued at $295,643,000. JPMorgan Chase & Co. lifted its holdings in NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in NVR during the 4th quarter valued at $118,087,000. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

Shares of NVR traded down $63.55 during midday trading on Thursday, reaching $7,569.85. 5,192 shares of the stock were exchanged, compared to its average volume of 23,557. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The company has a market cap of $22.13 billion, a P/E ratio of 15.97, a PEG ratio of 11.12 and a beta of 0.99. The stock's 50 day simple moving average is $7,379.06 and its 200 day simple moving average is $7,390.33.

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

NVR announced that its board has authorized a share buyback program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group raised their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. raised their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $8,783.33.

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.