Arcus Capital Partners LLC Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Arcus Capital Partners LLC trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 6.9% in the third quarter, Holdings Channel.com reports. The fund owned 27 shares of the construction company’s stock after selling 2 shares during the quarter. Arcus Capital Partners LLC’s holdings in NVR were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVR. Blue Trust Inc. bought a new position in NVR during the 3rd quarter worth approximately $39,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in NVR by 1.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after buying an additional 71 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NVR by 3,377.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after buying an additional 2,432 shares during the period. Sei Investments Co. boosted its position in NVR by 89.6% during the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after acquiring an additional 1,254 shares during the last quarter. Finally, Swedbank AB acquired a new stake in NVR during the 1st quarter worth about $931,000. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Price Performance

Shares of NVR opened at $9,249.26 on Tuesday. The business’s fifty day moving average is $9,442.19 and its 200 day moving average is $8,508.18. NVR, Inc. has a 12-month low of $5,950.21 and a 12-month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock has a market cap of $28.30 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.99 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 analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $125.26 earnings per share. Sell-side analysts anticipate that NVR, Inc. will post 496.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NVR has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NVR has an average rating of “Hold” and an average price target of $8,783.33.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 125 shares of the firm’s 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 value of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. This trade represents a 0.00 % 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 hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the business’s 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 value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.