NVR, Inc. (NYSE:NVR) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,405 shares of the construction company’s stock after purchasing an additional 23 shares during the quarter. 1832 Asset Management L.P.’s holdings in NVR were worth $19,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Canada Pension Plan Investment Board grew its stake in shares of NVR by 125.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,024 shares of the construction company’s stock worth $24,494,000 after purchasing an additional 1,684 shares during the period. Vident Advisory LLC grew its stake in shares of NVR by 5.3% during the 1st quarter. Vident Advisory LLC now owns 1,859 shares of the construction company’s stock worth $15,058,000 after purchasing an additional 94 shares during the period. Shell Asset Management Co. grew its stake in shares of NVR by 6.5% during the 1st quarter. Shell Asset Management Co. now owns 462 shares of the construction company’s stock worth $3,742,000 after purchasing an additional 28 shares during the period. Natixis acquired a new position in shares of NVR during the 1st quarter worth $7,914,000. Finally, Bessemer Group Inc. boosted its position in shares of NVR by 356.5% in the 1st quarter. Bessemer Group Inc. now owns 388 shares of the construction company’s stock worth $3,143,000 after buying an additional 303 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Trading Up 1.5 %

Shares of NVR stock traded up $128.72 during trading hours on Friday, hitting $8,600.60. 22,269 shares of the company were exchanged, compared to its average volume of 19,346. The company has a quick ratio of 3.97, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $26.95 billion, a PE ratio of 17.93, a PEG ratio of 2.29 and a beta of 1.17. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,695.00. The firm has a fifty day moving average of $7,743.57 and a 200 day moving average of $7,630.36.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. Analysts expect that NVR, Inc. will post 499.77 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, Chairman Paul C. Saville sold 300 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director William Grady Rosier sold 600 shares of NVR stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the transaction, the director now owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Paul C. Saville sold 300 shares of NVR stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares in the company, valued at approximately $819,661,081.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,600 shares of company stock worth $12,233,609. 7.00% of the stock is owned by insiders.

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.