Bretton Capital Management LLC Acquires Shares of 690 NVR, Inc. (NYSE:NVR)

Bretton Capital Management LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 690 shares of the construction company’s stock, valued at approximately $6,770,000. NVR makes up 6.5% of Bretton Capital Management LLC’s portfolio, making the stock its 3rd largest holding.

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

Insider Activity 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 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 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 link. In other news, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock worth $7,294,073 in the last 90 days. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $9,105.67 on Thursday. The business has a 50 day simple moving average of $9,442.51 and a 200 day simple moving average of $8,522.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,052.58 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released 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 return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted $125.26 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post 490.62 EPS for the current year.

Analyst Ratings Changes

NVR has been the topic of a number of research reports. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday. UBS Group upped 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. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note 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 for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, NVR presently has an average 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.