NVR, Inc. (NYSE:NVR) Shares Acquired by Fred Alger Management LLC

Fred Alger Management LLC boosted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 13.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,129 shares of the construction company's stock after acquiring an additional 134 shares during the period. Fred Alger Management LLC's holdings in NVR were worth $9,234,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NVR. Wilmington Savings Fund Society FSB purchased a new position in NVR in the 3rd quarter worth about $49,000. EverSource Wealth Advisors LLC boosted its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares during the period. GAMMA Investing LLC lifted its stake in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after purchasing an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $164,000 after purchasing an additional 11 shares during the period. Institutional investors own 83.67% of the company's stock.

NVR Stock Up 3.4%

Shares of NYSE NVR traded up $242.73 during midday trading on Monday, hitting $7,392.92. The company's stock had a trading volume of 16,726 shares, compared to its average volume of 22,110. The business's fifty day simple moving average is $7,183.79 and its two-hundred day simple moving average is $7,939.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The firm has a market capitalization of $21.62 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. UBS Group dropped their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9,023.33.

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.