National Bank of Canada FI Acquires 701 Shares of NVR, Inc. (NYSE:NVR)

National Bank of Canada FI boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 80.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,573 shares of the construction company’s stock after buying an additional 701 shares during the period. National Bank of Canada FI owned 0.05% of NVR worth $15,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NVR. Massmutual Trust Co. FSB ADV lifted its stake in shares of 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 purchasing an additional 2 shares during the last quarter. Blue Trust Inc. bought a new position in NVR in the third quarter worth about $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter worth about $39,000. Private Trust Co. NA lifted its position in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of NVR in the 2nd quarter valued at about $46,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity

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

NVR Stock Down 2.9 %

NYSE:NVR opened at $8,853.62 on Wednesday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a twelve month low of $6,452.58 and a twelve month high of $9,964.77. The company has a market cap of $27.09 billion, a PE ratio of 18.10, a P/E/G ratio of 1.92 and a beta of 1.18. The company’s 50 day moving average is $9,303.09 and its two-hundred day moving average is $8,729.30.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion for 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%. NVR’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $125.26 earnings per share. Analysts anticipate that NVR, Inc. will post 494.48 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on NVR shares. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America reduced their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd.

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.