Canada Pension Plan Investment Board Boosts Holdings in NVR, Inc. (NYSE:NVR)

Canada Pension Plan Investment Board lifted its holdings in NVR, Inc. (NYSE:NVR) by 62.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,596 shares of the construction company’s stock after acquiring an additional 1,389 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of NVR worth $29,411,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in NVR during the 3rd quarter valued at about $49,000. Smartleaf Asset Management LLC grew its position in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after acquiring an additional 3 shares during the last quarter. GAMMA Investing LLC increased its stake in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock worth $164,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $7,188.69 on Friday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $7,219.56 and a 200 day moving average of $8,212.11. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVR. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, NVR currently has an average rating of “Hold” and an average target price of $9,356.67.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.00% of the company’s stock.

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.