AlphaCore Capital LLC Makes New $162,000 Investment in NVR, Inc. $NVR

AlphaCore Capital LLC purchased a new stake in NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22 shares of the construction company’s stock, valued at approximately $162,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Brighton Jones LLC lifted its stake in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the period. Choreo LLC increased its stake in shares of NVR by 36.4% in the 1st quarter. Choreo LLC now owns 60 shares of the construction company’s stock valued at $435,000 after acquiring an additional 16 shares during the last quarter. Cetera Investment Advisers raised its position in shares of NVR by 2.0% in the 1st quarter. Cetera Investment Advisers now owns 256 shares of the construction company’s stock valued at $1,855,000 after acquiring an additional 5 shares during the period. HB Wealth Management LLC raised its position in shares of NVR by 25.0% in the 1st quarter. HB Wealth Management LLC now owns 65 shares of the construction company’s stock valued at $471,000 after acquiring an additional 13 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NVR by 5.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 675 shares of the construction company’s stock worth $4,890,000 after acquiring an additional 33 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

Shares of NYSE NVR opened at $7,452.34 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $7,594.50 and its two-hundred day moving average price is $7,626.85. The company has a market cap of $21.16 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,300.00.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the firm posted $130.50 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Analysts Set New Price Targets

NVR has been the subject of several recent analyst reports. Bank of America lowered their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, UBS Group boosted their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus target price of $8,366.67.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by corporate insiders.

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.