NVR, Inc. (NVR) Shares Sold by Algert Global LLC
Algert Global LLC decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 64.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 445 shares of the construction company’s stock after selling 807 shares during the period. Algert Global LLC’s holdings in NVR were worth $1,073,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of NVR. Teachers Advisors LLC boosted its position in NVR by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 14,736 shares of the construction company’s stock valued at $24,594,000 after buying an additional 621 shares in the last quarter. Bank of Montreal Can boosted its position in NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock valued at $457,000 after buying an additional 22 shares in the last quarter. Alpha Windward LLC bought a new position in NVR during the first quarter valued at about $506,000. Cim LLC boosted its position in NVR by 6.1% in the first quarter. Cim LLC now owns 278 shares of the construction company’s stock valued at $586,000 after buying an additional 16 shares in the last quarter. Finally, Huntington National Bank boosted its position in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 77.85% of the company’s stock.
NVR, Inc. (NYSE:NVR) opened at 2741.03 on Thursday. The company has a market cap of $10.26 billion, a PE ratio of 21.68 and a beta of 0.67. The firm’s 50-day moving average is $2,548.88 and its 200 day moving average is $2,211.24. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,748.57.
NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm earned $22.01 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. Analysts predict that NVR, Inc. will post $139.24 earnings per share for the current fiscal year.
NVR has been the topic of several research analyst reports. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Finally, MKM Partners restated a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $2,672.00.
In other news, CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the sale, the chief financial officer now owns 4,225 shares in the company, valued at $11,316,028.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul C. Saville sold 2,086 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the sale, the chief executive officer now owns 118,066 shares in the company, valued at approximately $273,332,235.28. The disclosure for this sale can be found here. Insiders have sold 7,161 shares of company stock worth $17,949,273 in the last 90 days. Insiders own 11.30% of the company’s stock.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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