Forum Financial Management LP Takes $428,000 Position in NVR, Inc. $NVR

Forum Financial Management LP acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 58 shares of the construction company’s stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NVR. Ballentine Partners LLC grew its stake in NVR by 6.7% during the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company’s stock valued at $232,000 after acquiring an additional 2 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in NVR by 0.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock valued at $2,796,000 after acquiring an additional 2 shares in the last quarter. Baird Financial Group Inc. grew its stake in NVR by 4.2% during the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock valued at $362,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Bancorp grew its stake in NVR by 6.5% during the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after acquiring an additional 2 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in NVR by 4.2% during the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock valued at $369,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Bank of America cut their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research note on Saturday. Finally, UBS Group lifted their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average price target of $8,366.67.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,434.50 on Friday. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,527.85. The stock has a market capitalization of $21.34 billion, a P/E ratio of 16.32, a PEG ratio of 10.30 and a beta of 0.94. The firm has a fifty day simple moving average of $8,022.85 and a two-hundred day simple moving average of $7,599.87. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the company posted $130.50 EPS. On average, analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Transactions at NVR

In other news, 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 owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The transaction 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 transaction of $981,285.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by insiders.

NVR 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.