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

Bretton Capital Management LLC bought a new position in NVR, Inc. (NYSE:NVR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 690 shares of the construction company's stock, valued at approximately $6,770,000. NVR makes up about 6.5% of Bretton Capital Management LLC's holdings, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVR. International Assets Investment Management LLC raised its holdings in shares of NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock valued at $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Marshfield Associates raised its stake in NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company's stock valued at $248,290,000 after acquiring an additional 96 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company's stock worth $221,595,000 after acquiring an additional 906 shares in the last quarter. TD Asset Management Inc increased its holdings in NVR by 143.8% in the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company's stock valued at $182,277,000 after purchasing an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in NVR by 56.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company's stock valued at $172,109,000 after purchasing an additional 8,140 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Trading Up 0.8 %

Shares of NVR stock traded up $73.94 on Thursday, hitting $9,179.61. 19,775 shares of the company's stock traded hands, compared to its average volume of 19,135. NVR, Inc. has a one year low of $6,052.58 and a one year high of $9,964.77. 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 company has a fifty day moving average of $9,442.51 and a two-hundred day moving average of $8,522.62. The company has a market capitalization of $28.09 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted $125.26 earnings per share. The company's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts expect that NVR, Inc. will post 490.62 earnings per share for the current year.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the 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 transaction, the director now owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NVR shares. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. UBS Group upped their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday. Finally, Bank of America cut their price objective 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8,783.33.

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.