WealthPlan Investment Management LLC Has $281,000 Position in NVR, Inc. $NVR

WealthPlan Investment Management LLC cut its stake in shares of NVR, Inc. (NYSE:NVR) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38 shares of the construction company’s stock after selling 7 shares during the quarter. WealthPlan Investment Management LLC’s holdings in NVR were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc bought a new stake in shares of NVR during the 2nd quarter valued at approximately $30,000. Olde Wealth Management LLC bought a new stake in shares of NVR during the 1st quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NVR during the 1st quarter valued at approximately $36,000. Ridgewood Investments LLC grew its holdings in shares of NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after purchasing an additional 3 shares during the last quarter. Finally, SouthState Corp bought a new stake in shares of NVR during the 1st quarter valued at approximately $36,000. 83.67% of the stock is owned by institutional investors.

NVR Stock Up 0.6%

Shares of NYSE NVR opened at $7,650.93 on Friday. The company has a market capitalization of $21.96 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 10.57 and a beta of 0.94. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. 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 company’s 50 day moving average price is $8,066.86 and its 200-day moving average price is $7,574.70.

NVR (NYSE:NVR) last issued its quarterly 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 firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $120.69 EPS. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the business’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 value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra A. Jung sold 200 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 75 shares in the company, valued at $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 975 shares of company stock worth $7,869,360. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVR. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group boosted 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. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Bank of America reduced their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8,250.00.

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.