Citigroup Inc. Has $48.05 Million Position in NVR, Inc. (NYSE:NVR)

Citigroup Inc. lowered its position in NVR, Inc. (NYSE:NVR) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,897 shares of the construction company’s stock after selling 28 shares during the quarter. Citigroup Inc. owned approximately 0.16% of NVR worth $48,048,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVR. Janus Henderson Group PLC lifted its stake in NVR by 7.7% in the first quarter. Janus Henderson Group PLC now owns 406 shares of the construction company’s stock valued at $3,283,000 after acquiring an additional 29 shares during the last quarter. Jane Street Group LLC lifted its stake in NVR by 1,285.4% in the first quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after acquiring an additional 527 shares during the last quarter. Tidal Investments LLC lifted its stake in NVR by 26.9% in the first quarter. Tidal Investments LLC now owns 85 shares of the construction company’s stock valued at $686,000 after acquiring an additional 18 shares during the last quarter. Comerica Bank raised its position in shares of NVR by 22.2% in the first quarter. Comerica Bank now owns 656 shares of the construction company’s stock valued at $5,314,000 after purchasing an additional 119 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of NVR in the first quarter valued at about $1,782,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $9,007.24 on Monday. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.92 and a beta of 1.20. The firm’s 50-day simple moving average is $9,422.94 and its 200 day simple moving average is $8,600.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.71 billion. During the same period in the prior year, the business posted $125.26 earnings per share. NVR’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVR. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group increased their price objective 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 lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America dropped their price objective 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, NVR currently has a consensus rating of “Hold” and an average target price 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.