Algert Global LLC Acquires New Holdings in NVR, Inc. $NVR

Key Points

• Algert Global LLC acquired 100 shares of NVR, Inc. valued at approximately $724,000, highlighting institutional investment interest in the company.
• A notable insider, Director Susan Williamson Ross, sold 125 shares for about $981,285, reducing her ownership stake significantly.
• Several analysts have upgraded their target prices for NVR, with UBS Group raising its estimate from $7,900 to $8,150, reflecting a cautious but positive outlook.

Algert Global LLC purchased a new position in NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 100 shares of the construction company's stock, valued at approximately $724,000.

A number of other institutional investors have also bought and sold shares of the business. Fifth Third Wealth Advisors LLC grew its position in shares of NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after purchasing an additional 2 shares in the last quarter. Peak Financial Advisors LLC grew its position in shares of NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after purchasing an additional 2 shares in the last quarter. Salvus Wealth Management LLC grew its position in shares of NVR by 0.6% during the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock valued at $2,449,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp grew its position in shares of NVR by 6.9% during the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after purchasing an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of NVR by 6.7% during the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock valued at $232,000 after purchasing an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Trading Up 0.2%

Shares of NYSE:NVR traded up $16.78 during trading on Thursday, reaching $8,050.60. The company's stock had a trading volume of 4,790 shares, compared to its average volume of 22,704. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The firm's 50 day simple moving average is $7,721.71 and its two-hundred day simple moving average is $7,377.34. The stock has a market capitalization of $23.11 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 11.22 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $120.69 earnings per share. On average, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $1,684,800. This represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 over the last 90 days. Insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NVR. UBS Group raised their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average 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.