Simon Quick Advisors LLC Makes New $281,000 Investment in NVR, Inc. $NVR

Simon Quick Advisors LLC acquired a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 38 shares of the construction company’s stock, valued at approximately $281,000.

Several other hedge funds have also added to or reduced their stakes in the stock. AdvisorNet Financial Inc purchased a new position in shares of NVR in the second quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR in the first quarter worth about $36,000. Ridgewood Investments LLC increased its stake in shares of 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 in the last quarter. SouthState Corp purchased a new position in shares of NVR in the first quarter worth about $36,000. Finally, Blue Trust Inc. increased its stake in shares of NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In other news, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director owned 75 shares of the company’s stock, valued at approximately $606,183. This represents a 72.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 850 shares of company stock valued at $6,888,075. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVR shares. Bank of America reduced 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. JPMorgan Chase & Co. lifted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group lifted their target price 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, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8,366.67.

NVR Price Performance

Shares of NYSE:NVR opened at $7,061.37 on Tuesday. The company has a 50 day moving average of $7,923.20 and a 200 day moving average of $7,612.59. The stock has a market cap of $20.27 billion, a P/E ratio of 15.50, a P/E/G ratio of 9.94 and a beta of 0.94. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,527.85. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company earned $130.50 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NVR, Inc. will post 505.2 EPS 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.