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

Fred Alger Management LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 995 shares of the construction company’s stock after purchasing an additional 153 shares during the period. Fred Alger Management LLC’s holdings in NVR were worth $9,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR in the third quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR during the third quarter worth approximately $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR in the 2nd quarter valued at $46,000. Finally, Private Trust Co. NA lifted its holdings in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVR. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, UBS Group upped their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Trading Up 0.5 %

Shares of NVR opened at $9,235.58 on Friday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $9,400.01 and a 200 day moving average price of $8,631.35. NVR, Inc. has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The firm has a market capitalization of $28.26 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.97 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $125.26 EPS. Sell-side analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company’s stock.

About NVR

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.