Broad Run Investment Management LLC Takes Position in NVR, Inc. $NVR

Broad Run Investment Management LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,662 shares of the construction company's stock, valued at approximately $18,137,000. NVR makes up approximately 2.8% of Broad Run Investment Management LLC's portfolio, making the stock its 11th biggest holding. Broad Run Investment Management LLC owned 0.10% of NVR at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Algert Global LLC increased its stake in NVR by 445.3% in the 2nd quarter. Algert Global LLC now owns 2,999 shares of the construction company's stock worth $20,433,000 after purchasing an additional 2,449 shares in the last quarter. Winmill & CO. Inc. acquired a new position in NVR in the 2nd quarter worth approximately $7,236,000. OMERS ADMINISTRATION Corp acquired a new stake in NVR during the 2nd quarter valued at $4,095,000. Osmosis Investment Management UK Ltd purchased a new stake in shares of NVR in the second quarter valued at $354,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of NVR during the second quarter valued at $259,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director George Oliver purchased 63 shares of NVR stock in a transaction on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares of the company's stock, valued at approximately $405,185.13. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is currently owned by company insiders.

NVR Trading Up 0.7%

Shares of NYSE NVR opened at $6,400.46 on Tuesday. The business has a 50 day simple moving average of $6,450.29 and a 200 day simple moving average of $6,598.36. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 10.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

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

Wall Street Analyst Weigh In

NVR has been the topic of a number of research reports. Weiss Ratings upgraded NVR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research report on Friday, July 24th. UBS Group dropped their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Finally, Bank of America decreased their target price on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7,224.20.

NVR Company 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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