Bretton Capital Management LLC Makes New $6.77 Million Investment in NVR, Inc. (NYSE:NVR)

Bretton Capital Management LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 690 shares of the construction company’s stock, valued at approximately $6,770,000. NVR comprises about 6.5% of Bretton Capital Management LLC’s portfolio, making the stock its 3rd largest holding.

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

Analysts Set New Price Targets

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

NVR Trading Down 0.1 %

NYSE NVR opened at $9,105.67 on Thursday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. The firm’s fifty day simple moving average is $9,442.51 and its 200-day simple moving average is $8,522.62. The company has a market capitalization of $27.86 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

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

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the business’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 value of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. 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 available at this hyperlink. In related news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on 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 completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 775 shares of company stock worth $7,294,073. Insiders own 7.00% of the company’s stock.

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.