Fortis Capital Management LLC Buys 17 Shares of NVR, Inc. (NYSE:NVR)

Fortis Capital Management LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 624 shares of the construction company’s stock after purchasing an additional 17 shares during the period. NVR comprises 1.2% of Fortis Capital Management LLC’s holdings, making the stock its 17th largest position. Fortis Capital Management LLC’s holdings in NVR were worth $6,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its position in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR in the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC bought a new stake in NVR during the second quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in NVR in the second quarter valued at $53,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NYSE NVR opened at $9,105.67 on Thursday. NVR, Inc. has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The firm has a 50-day moving average price of $9,442.51 and a two-hundred day moving average price of $8,522.62. The company has a market capitalization of $27.86 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm posted $125.26 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 490.62 earnings per share for the current year.

Insider Transactions at NVR

In other news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on NVR. UBS Group lifted their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8,783.33.

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.