Northern Financial Advisors Inc Has $4.41 Million Position in NVR, Inc. (NYSE:NVR)

Northern Financial Advisors Inc cut its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449 shares of the construction company's stock after selling 97 shares during the quarter. NVR comprises 3.3% of Northern Financial Advisors Inc's portfolio, making the stock its 4th biggest holding. Northern Financial Advisors Inc's holdings in NVR were worth $4,405,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of NVR by 100.0% in 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. acquired a new stake in shares of NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR in the second quarter valued at about $46,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of NVR in the second quarter valued at about $53,000. Finally, UMB Bank n.a. raised its stake in NVR by 57.1% in the 2nd quarter. UMB Bank n.a. now owns 11 shares of the construction company's stock worth $83,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVR shares. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. UBS Group lifted their price objective 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.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $2,186,679. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NVR traded down $13.42 during mid-day trading on Friday, reaching $9,139.39. The company had a trading volume of 24,096 shares, compared to its average volume of 15,577. The company's 50 day simple moving average is $9,420.22 and its 200 day simple moving average is $8,438.21. The company has a market capitalization of $28.15 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.95 and a beta of 1.20. NVR, Inc. has a 1-year low of $5,600.56 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the business posted $125.26 earnings per share. NVR's revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts expect that NVR, Inc. will post 496.62 EPS for the current year.

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.