Fortis Capital Management LLC Lowers Stake in NVR, Inc. (NYSE:NVR)

Fortis Capital Management LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 621 shares of the construction company’s stock after selling 3 shares during the period. Fortis Capital Management LLC’s holdings in NVR were worth $5,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its holdings in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its holdings in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of NVR in the third quarter worth $59,000. Finally, Smartleaf Asset Management LLC boosted its stake in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,181.22 on Friday. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The firm has a 50 day moving average of $7,606.71 and a 200 day moving average of $8,554.95. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.