Bayforest Capital Ltd Makes New Investment in NVR, Inc. $NVR

Key Points

• Bayforest Capital Ltd has entered a new investment in NVR, Inc. by acquiring 39 shares valued at approximately $283,000.
• Several institutional investors, including GAMMA Investing LLC and JPMorgan Chase & Co., significantly increased their stakes in NVR during the 1st quarter, showing growing interest in the company.
• Analysts have raised their target prices for NVR shares, with a consensus price target now set at $8,783.33, indicating positive sentiment towards the stock.

Bayforest Capital Ltd acquired a new position in NVR, Inc. (NYSE:NVR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 39 shares of the construction company's stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after purchasing an additional 159,358 shares during the period. Siemens Fonds Invest GmbH lifted its stake in shares of NVR by 116,808.2% in 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 period. Jones Financial Companies Lllp lifted its stake in shares of NVR by 217,591.3% in the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock valued at $3,758,000 after purchasing an additional 50,046 shares during the period. Nuveen LLC purchased a new position in shares of NVR in the 1st quarter valued at approximately $334,981,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after purchasing an additional 15,405 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NVR shares. UBS Group raised their target price on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $8,783.33.

Insider Activity at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 in the last 90 days. Corporate insiders own 7.00% of the company's stock.

NVR Stock Up 0.6%

NVR stock opened at $8,325.38 on Thursday. 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 firm has a market cap of $23.89 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 11.51 and a beta of 0.95. The business has a 50 day moving average of $7,908.02 and a 200 day moving average of $7,444.16.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating 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 analyst estimates of $2.46 billion. During the same quarter last year, the company earned $120.69 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.

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