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

Fortis Capital Management LLC boosted its holdings in NVR, Inc. (NYSE:NVR) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 624 shares of the construction company’s stock after buying an additional 17 shares during the period. NVR makes up about 1.2% of Fortis Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Fortis Capital Management LLC’s holdings in NVR were worth $6,125,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NVR. Blue Trust Inc. acquired a new stake in shares of NVR during the 3rd quarter worth approximately $39,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of NVR by 1.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after acquiring an additional 71 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of NVR by 3,377.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after acquiring an additional 2,432 shares in the last quarter. Sei Investments Co. increased its stake in NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after acquiring an additional 1,254 shares during the period. Finally, Swedbank AB acquired a new position in NVR in the first quarter worth about $931,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Down 0.1 %

Shares of NVR opened at $9,105.67 on Thursday. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.97 and a beta of 1.20. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The business’s fifty day moving average price is $9,442.51 and its two-hundred day moving average price is $8,522.62.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVR news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 over the last ninety days. Company insiders own 7.00% of the company’s stock.

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.