Forum Financial Management LP Buys New Stake in NVR, Inc. (NYSE:NVR)

Forum Financial Management LP purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 26 shares of the construction company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. acquired a new stake in NVR in the first quarter valued at approximately $202,000. Janney Montgomery Scott LLC grew its stake in NVR by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 943 shares of the construction company’s stock valued at $7,638,000 after acquiring an additional 26 shares during the period. Capstone Investment Advisors LLC purchased a new stake in NVR in the 1st quarter worth $486,000. Nordea Investment Management AB raised its position in NVR by 4.2% during the first quarter. Nordea Investment Management AB now owns 221 shares of the construction company’s stock worth $1,797,000 after acquiring an additional 9 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in NVR during the first quarter valued at $329,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of a number of research reports. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America cut their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd.

NVR Price Performance

NVR stock opened at $9,497.95 on Wednesday. The company has a fifty day simple moving average of $9,422.33 and a 200-day simple moving average of $8,454.47. The firm has a market capitalization of $29.23 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52-week low of $5,818.01 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $125.26 EPS. On average, equities analysts anticipate that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

About NVR

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.