Citigroup Inc. Sells 28 Shares of NVR, Inc. (NYSE:NVR)

Citigroup Inc. decreased its position in shares of NVR, Inc. (NYSE:NVR) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,897 shares of the construction company’s stock after selling 28 shares during the quarter. Citigroup Inc.’s holdings in NVR were worth $48,048,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NVR. International Assets Investment Management LLC raised its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of NVR during the 3rd quarter valued at $348,545,000. Mizuho Securities USA LLC lifted its position in shares of NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after acquiring an additional 16,266 shares during the period. TD Asset Management Inc lifted its position in shares of NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after acquiring an additional 14,167 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in shares of NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares during the period. Institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NVR. Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Stock Performance

NVR opened at $9,007.24 on Monday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $9,422.94 and its two-hundred day moving average price is $8,600.83. NVR, Inc. has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.92 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company posted $125.26 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 over the last quarter. Insiders own 7.00% of the company’s stock.

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.