BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in NVR, Inc. (NYSE:NVR – Free Report) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522 shares of the construction company’s stock after selling 89 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NVR were worth $5,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Fred Alger Management LLC boosted its position in shares of NVR by 18.2% in the 3rd quarter. Fred Alger Management LLC now owns 995 shares of the construction company’s stock valued at $9,763,000 after purchasing an additional 153 shares during the period. Verition Fund Management LLC acquired a new stake in shares of NVR in the third quarter valued at approximately $4,023,000. Captrust Financial Advisors boosted its holdings in shares of NVR by 1,869.0% in the third quarter. Captrust Financial Advisors now owns 571 shares of the construction company’s stock valued at $5,603,000 after acquiring an additional 542 shares during the period. Capstone Investment Advisors LLC grew its position in shares of NVR by 21.7% during the third quarter. Capstone Investment Advisors LLC now owns 73 shares of the construction company’s stock worth $716,000 after acquiring an additional 13 shares during the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of NVR by 569.4% in the 3rd quarter. Walleye Capital LLC now owns 743 shares of the construction company’s stock valued at $7,290,000 after acquiring an additional 632 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.
NVR Trading Down 0.6 %
Shares of NVR stock opened at $9,180.00 on Tuesday. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. NVR, Inc. has a 52-week low of $6,286.46 and a 52-week high of $9,964.77. The company’s 50-day simple moving average is $9,395.27 and its 200-day simple moving average is $8,656.49. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Bank of America decreased their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8,783.33.
Insider Buying and Selling
In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 over the last quarter. Company insiders own 7.00% of the company’s stock.
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.
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