Apollon Wealth Management LLC Invests $244,000 in NVR, Inc. $NVR

Apollon Wealth Management LLC acquired a new stake in NVR, Inc. (NYSE:NVR) during the second quarter, HoldingsChannel reports. The firm acquired 33 shares of the construction company’s stock, valued at approximately $244,000.

Several other institutional investors have also recently added to or reduced their stakes in NVR. Brighton Jones LLC increased its stake in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. GAMMA Investing LLC grew its position in shares of NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company’s stock valued at $159,000 after buying an additional 3 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in NVR by 19.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 43 shares of the construction company’s stock worth $312,000 after acquiring an additional 7 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in NVR by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,078 shares of the construction company’s stock worth $7,809,000 after acquiring an additional 26 shares in the last quarter. Finally, Canton Hathaway LLC purchased a new stake in NVR in the first quarter valued at $906,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. increased their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Bank of America lowered their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NVR currently has an average rating of “Hold” and a consensus price target of $8,250.00.

NVR Stock Up 0.6%

Shares of NVR stock opened at $7,650.93 on Friday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a market cap of $21.96 billion, a P/E ratio of 16.15, a PEG ratio of 10.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm has a fifty day moving average of $8,066.86 and a two-hundred day moving average of $7,576.61.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $120.69 earnings per share. On average, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value 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 approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock valued at $7,869,360 over the last quarter. Company 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.