Apollon Wealth Management LLC Makes New $244,000 Investment in NVR, Inc. $NVR

Apollon Wealth Management LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33 shares of the construction company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also modified their holdings of NVR. AdvisorNet Financial Inc acquired a new stake in NVR in the 2nd quarter worth about $30,000. Olde Wealth Management LLC purchased a new position in shares of NVR in the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR in the first quarter worth approximately $36,000. Ridgewood Investments LLC increased its position 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 purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new position in NVR in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 in the last quarter. 7.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NVR has been the topic of several recent research reports. UBS Group lifted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Bank of America lowered their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8,250.00.

NVR Trading Up 0.6%

Shares of NVR stock opened at $7,650.93 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The stock has a market capitalization of $21.96 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 10.62 and a beta of 0.94. The company has a 50 day moving average price of $8,066.86 and a 200 day moving average price of $7,576.61. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 14.68% and a return on equity of 37.35%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $120.69 EPS. 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.