Blue Trust Inc. Buys 3 Shares of NVR, Inc. $NVR

Blue Trust Inc. lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 150.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 5 shares of the construction company’s stock after acquiring an additional 3 shares during the period. Blue Trust Inc.’s holdings in NVR were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. AdvisorNet Financial Inc bought a new stake in NVR in the second quarter worth $30,000. Olde Wealth Management LLC bought a new stake in NVR in the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR in the first quarter worth $36,000. Ridgewood Investments LLC lifted its stake in NVR by 150.0% in 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 during the last quarter. Finally, SouthState Corp bought a new stake in NVR in the first quarter worth $36,000. 83.67% of the stock is owned by institutional investors.

Insider Activity at NVR

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Bank of America decreased their price objective 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. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NVR presently has an average rating of “Hold” and a consensus target price of $8,250.00.

NVR Trading Up 0.6%

NYSE:NVR opened at $7,650.93 on Friday. The company’s 50 day moving average price is $8,066.86 and its 200-day moving average price is $7,576.61. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week 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 stock has a market cap of $21.96 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 10.62 and a beta of 0.94.

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