Algert Global LLC Purchases 2,449 Shares of NVR, Inc. $NVR

Algert Global LLC raised its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 445.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,999 shares of the construction company's stock after purchasing an additional 2,449 shares during the quarter. Algert Global LLC owned 0.11% of NVR worth $20,433,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Clearstead Trust LLC bought a new stake in shares of NVR during the 2nd quarter valued at $27,000. DV Equities LLC purchased a new stake in NVR in the 4th quarter worth $29,000. Strive Financial Group LLC purchased a new stake in NVR in the 4th quarter worth $29,000. Oakworth Capital Inc. bought a new stake in NVR during the fourth quarter valued at about $36,000. Finally, Trust Co. of Vermont bought a new stake in NVR during the second quarter valued at about $34,000. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zacks Research raised NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings raised NVR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Zelman & Associates upgraded NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Finally, Truist Financial cut their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $7,224.20.

Insider Activity

In related news, Director George Oliver acquired 63 shares of the stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director directly owned 63 shares of the company's stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by insiders.

NVR Stock Performance

NYSE NVR opened at $6,400.46 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The business has a 50 day simple moving average of $6,450.29 and a two-hundred day simple moving average of $6,598.36. The stock has a market capitalization of $17.03 billion, a PE ratio of 16.60, a P/E/G ratio of 10.63 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business's revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $108.54 EPS. On average, research analysts predict that NVR, Inc. will post 367.13 EPS for the current fiscal year.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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