Canada Pension Plan Investment Board Purchases 1,389 Shares of NVR, Inc. (NYSE:NVR)

Canada Pension Plan Investment Board boosted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,596 shares of the construction company's stock after buying an additional 1,389 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.12% of NVR worth $29,411,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NVR. EverSource Wealth Advisors LLC raised its stake in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter valued at about $49,000. Smartleaf Asset Management LLC grew its stake in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the last quarter. GAMMA Investing LLC lifted its stake in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after acquiring an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $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.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent research reports. UBS Group lowered their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $9,023.33.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated 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 approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company's stock.

NVR Price Performance

NVR stock traded down $89.15 during mid-day trading on Friday, hitting $7,057.73. The company had a trading volume of 3,400 shares, compared to its average volume of 22,211. The company has a 50-day moving average price of $7,203.77 and a 200 day moving average price of $8,155.40. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a market capitalization of $20.95 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.39 and a beta of 1.07. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

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.