Caisse DE Depot ET Placement DU Quebec Has $124.73 Million Stock Holdings in NVR, Inc. $NVR

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in NVR, Inc. by 10.3%, owning 17,217 shares worth approximately $124.73 million.
• Several institutional investors recently acquired positions in NVR, with 83.67% of the stock now owned by institutional investors and hedge funds.
• NVR reported earnings per share (EPS) of $108.54 for the last quarter, surpassing consensus estimates, but its revenue declined by 0.5% year-over-year.

Caisse DE Depot ET Placement DU Quebec grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,217 shares of the construction company's stock after purchasing an additional 1,605 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.59% of NVR worth $124,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JDM Financial Group LLC acquired a new stake in shares of NVR during the fourth quarter worth $25,000. Olde Wealth Management LLC acquired a new stake in shares of NVR during the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR during the first quarter worth $36,000. Ridgewood Investments LLC raised its holdings in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after acquiring an additional 3 shares during the period. Finally, SouthState Corp acquired a new stake in shares of NVR during the first quarter worth $36,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director owned 386 shares of the company's stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NVR shares. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group lifted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Stock Up 3.4%

Shares of NVR stock opened at $8,223.8250 on Monday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The firm's fifty day moving average price is $7,660.46 and its two-hundred day moving average price is $7,363.94. The firm has a market capitalization of $23.60 billion, a P/E ratio of 17.36, a PEG ratio of 11.42 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the business earned $120.69 EPS. The company's revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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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