Connor Clark & Lunn Investment Management Ltd. Purchases 312 Shares of NVR, Inc. (NYSE:NVR)

Connor Clark & Lunn Investment Management Ltd. increased its position in NVR, Inc. (NYSE:NVR) by 45.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,006 shares of the construction company’s stock after purchasing an additional 312 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NVR were worth $8,228,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NVR. Metis Global Partners LLC boosted its stake in shares of NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock worth $1,119,000 after acquiring an additional 2 shares during the period. CIBC Asset Management Inc lifted its holdings in NVR by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock valued at $4,562,000 after purchasing an additional 30 shares during the last quarter. Empirical Finance LLC boosted its position in NVR by 4.1% during the third quarter. Empirical Finance LLC now owns 101 shares of the construction company’s stock worth $991,000 after purchasing an additional 4 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares during the last quarter. Finally, Evergreen Wealth Management LLC raised its position in shares of NVR by 12.8% in the third quarter. Evergreen Wealth Management LLC now owns 106 shares of the construction company’s stock valued at $1,036,000 after purchasing an additional 12 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

NYSE NVR opened at $7,228.03 on Friday. The firm has a 50-day moving average price of $7,677.46 and a two-hundred day moving average price of $8,620.24. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company has a market capitalization of $21.61 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

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

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NVR shares. JPMorgan Chase & Co. decreased 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 research note on Wednesday, January 29th. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9,356.67.

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.