Apollon Wealth Management LLC Lowers Stake in NVR, Inc. (NYSE:NVR)

Apollon Wealth Management LLC cut its position in NVR, Inc. (NYSE:NVR) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26 shares of the construction company’s stock after selling 4 shares during the period. Apollon Wealth Management LLC’s holdings in NVR were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR in the third quarter valued at about $39,000. Private Trust Co. NA grew its position 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 worth $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the third quarter worth about $49,000. Finally, Quantbot Technologies LP purchased a new stake in shares of NVR during the third quarter worth about $59,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on NVR. JPMorgan Chase & Co. lowered their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, 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 report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Price Performance

NVR stock opened at $7,359.53 on Friday. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.51 and a beta of 1.20. The firm’s fifty day moving average is $8,122.07 and its 200 day moving average is $8,816.97. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52-week low of $7,227.09 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Sell-side analysts forecast that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock buyback 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 buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

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.