AlTi Global Inc. Invests $1.86 Million in NVR, Inc. $NVR

Key Points

• AlTi Global Inc. has invested approximately $1.86 million in NVR, Inc. by acquiring 252 shares during the second quarter, according to a recent SEC filing.
• NVR's stock price is currently down by 3.2%, with shares trading at $7,434.50, a notable drop from its 1-year high of $9,527.85.
• Despite reporting earnings per share of $112.33, which exceeded analysts' estimates, NVR's revenue has declined by 4.5% compared to the same quarter last year.

AlTi Global Inc. bought a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 252 shares of the construction company's stock, valued at approximately $1,861,000.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after purchasing an additional 31 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after purchasing an additional 3 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of NVR by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 350 shares of the construction company's stock valued at $2,536,000 after purchasing an additional 44 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of NVR by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after purchasing an additional 63 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of NVR by 55.6% during the 1st quarter. International Assets Investment Management LLC now owns 56 shares of the construction company's stock valued at $406,000 after purchasing an additional 20 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Down 3.2%

NVR stock opened at $7,434.50 on Friday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $21.34 billion, a PE ratio of 16.32, a PEG ratio of 10.65 and a beta of 0.94. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,527.85. The business's 50 day simple moving average is $8,022.85 and its 200 day simple moving average is $7,593.60.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts' consensus estimates of $107.88 by $4.45. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm's revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $130.50 EPS. As a group, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Insider Buying and Selling

In related news, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the transaction, the director directly owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America cut their target price on NVR from $9,100.00 to $9,000.00 and set a "buy" rating on the stock in a research note on Friday, October 10th. UBS Group boosted their target price on NVR from $8,150.00 to $8,500.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NVR in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $8,366.67.

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.

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