Canada Pension Plan Investment Board Acquires New Position in NVR, Inc. $NVR

Canada Pension Plan Investment Board bought a new position in NVR, Inc. (NYSE:NVR) in the second quarter, according to its most recent filing with the SEC. The firm bought 4,277 shares of the construction company’s stock, valued at approximately $29,141,000.

Several other large investors also recently bought and sold shares of NVR. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of NVR by 0.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after buying an additional 2 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after buying an additional 2 shares during the last quarter. Ballentine Partners LLC increased its position in shares of NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2 shares during the period. AG2R LA Mondiale Gestion D Actifs increased its position in shares of NVR by 1.6% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after acquiring an additional 2 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in NVR by 28.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock worth $67,000 after acquiring an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, Director George Oliver bought 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NVR stock opened at $6,413.48 on Friday. The stock has a market cap of $17.06 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 10.64 and a beta of 0.91. The business has a 50-day simple moving average of $6,448.16 and a 200-day simple moving average of $6,562.74. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28.

NVR (NYSE:NVR) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $108.54 earnings per share. NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts expect that NVR, Inc. will post 367.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVR shares. Bank of America dropped their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Truist Financial reduced their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. BTIG Research set a $7,446.00 target price on NVR in a report on Friday, July 24th. UBS Group dropped their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NVR has an average rating of “Hold” and an average price target of $7,224.20.

NVR 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.