IMS Capital Management Makes New $2.13 Million Investment in NVR, Inc. $NVR

Key Points

• IMS Capital Management made a new investment of $2.13 million in NVR, Inc., acquiring 288 shares, which represents about 1.0% of their portfolio.
• NVR has recently seen rating changes from analysts, with UBS raising their target price from $7,900 to $8,150 and JPMorgan raising it from $7,200 to $7,600, both maintaining a "neutral" rating.
• Insider transactions at NVR indicate significant sales, with Director Alexandra A. Jung and CAO Matthew B. Kelpy selling shares and reducing their ownership by approximately 72.73% and 74.26% respectively.

IMS Capital Management acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 288 shares of the construction company's stock, valued at approximately $2,127,000. NVR accounts for approximately 1.0% of IMS Capital Management's portfolio, making the stock its 28th largest position.

Other large investors also recently made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in NVR during the 2nd quarter worth approximately $30,000. Olde Wealth Management LLC bought a new position in NVR during the 1st quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR during the first quarter worth $36,000. Ridgewood Investments LLC lifted its holdings in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after buying an additional 3 shares in the last quarter. Finally, SouthState Corp bought a new stake in shares of NVR in the first quarter valued at about $36,000. Institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8,783.33.

Insider Transactions at NVR

In related news, Director Alexandra A. Jung sold 200 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at $606,183. This represents a 72.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were 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 in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 975 shares of company stock valued at $7,869,360. Corporate insiders own 7.80% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR opened at $7,971.47 on Wednesday. The firm has a 50 day moving average of $8,018.36 and a 200-day moving average of $7,503.67. The stock has a market capitalization of $22.88 billion, a PE ratio of 16.82, a PEG ratio of 11.02 and a beta of 0.95. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77.

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

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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