Foster & Motley Inc. Makes New Investment in NVR, Inc. $NVR

Key Points

• Foster & Motley Inc. has acquired a new position in NVR, Inc., purchasing 146 shares valued at approximately $1,078,000 during the second quarter.
• NVR reported earnings of $108.54 per share for the last quarter, exceeding estimates, with revenues of $2.55 billion.
• Hedge funds and institutional investors collectively own 83.67% of NVR's stock, indicating significant institutional interest in the company.

Foster & Motley Inc. bought a new position in NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 146 shares of the construction company's stock, valued at approximately $1,078,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after buying an additional 31 shares during the period. GAMMA Investing LLC increased its stake in shares of NVR by 15.8% during the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after buying an additional 3 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of NVR by 19.4% during the first quarter. Exchange Traded Concepts LLC now owns 43 shares of the construction company's stock valued at $312,000 after buying an additional 7 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of NVR by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 1,078 shares of the construction company's stock valued at $7,809,000 after buying an additional 26 shares during the period. Finally, Canton Hathaway LLC purchased a new position in shares of NVR during the first quarter valued at $906,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NVR opened at $7,650.93 on Friday. The business's 50-day moving average is $8,066.86 and its two-hundred day moving average is $7,576.61. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The firm has a market capitalization of $21.96 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 10.62 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $120.69 earnings per share. Research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NVR shares. Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target 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. UBS Group raised their price target 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. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Bank of America cut their target price on NVR from $9,100.00 to $9,000.00 and set a "buy" rating on the stock in a research note on Friday, October 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, NVR currently has a consensus rating of "Hold" and an average price target of $8,250.00.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction dated 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 owned 208 shares of the company's stock, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by corporate insiders.

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.

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