Caisse de depot et placement du Quebec Buys Shares of 28,490 NVR, Inc. $NVR

Key Points

• Caisse de dépôt et placement du Québec purchased 28,490 NVR shares worth approximately $194.1 million, giving it about a 1.07% stake. Institutional investors and hedge funds collectively own 83.67% of the company.
• NVR’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, below analyst estimates, while net margin stood at 12.26% and return on equity at 31.02%.
• The stock recently traded down 1.1% to $6,365.53, and analysts maintained a consensus “Hold” rating with an average price target of $7,224.20.

Caisse de depot et placement du Quebec purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,490 shares of the construction company's stock, valued at approximately $194,114,000. Caisse de depot et placement du Quebec owned about 1.07% of NVR at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVR. BlackRock Inc. purchased a new stake in NVR during the 2nd quarter worth about $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of NVR in the 2nd quarter valued at about $44,887,000. AustralianSuper Pty Ltd acquired a new position in shares of NVR during the fourth quarter worth about $4,835,000. Wealthfront Advisers LLC acquired a new position in shares of NVR during the second quarter worth about $1,949,000. Finally, Norges Bank purchased a new stake in shares of NVR during the fourth quarter worth approximately $311,496,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 1.1%

Shares of NVR stock opened at $6,365.53 on Thursday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $6,451.89 and a 200-day simple moving average of $6,575.30. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 10.75 and a beta of 0.91. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the business earned $108.54 EPS. NVR's revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVR shares. BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. UBS Group dropped their target price on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Finally, Zacks Research upgraded NVR from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7,224.20.

Insider Buying and Selling at NVR

In other news, Director George Oliver bought 63 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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