Canada Pension Plan Investment Board Increases Holdings in NVR, Inc. $NVR

Key Points

• The Canada Pension Plan Investment Board increased its stake in NVR, Inc. by 92.3% in the 1st quarter, acquiring a total of 6,915 shares valued at approximately $50 million.
• Insider transactions include Director Alexandra A. Jung selling 200 shares, resulting in a 72.73% decrease in her ownership, while Susan Williamson Ross sold 125 shares for a 24.46% decrease.
• NVR, Inc. recently launched a $750 million share buyback plan, indicating the company's belief that its stock is currently undervalued.

Canada Pension Plan Investment Board lifted its position in NVR, Inc. (NYSE:NVR - Free Report) by 92.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,915 shares of the construction company's stock after acquiring an additional 3,319 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.24% of NVR worth $50,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the last quarter. Boston Partners boosted its position in NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after purchasing an additional 7,233 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Principal Financial Group Inc. boosted its position in NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after purchasing an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after purchasing an additional 15,405 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra A. Jung sold 200 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 in the last 90 days. Corporate insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NVR has been the topic of several research analyst reports. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, UBS Group upped their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NVR presently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Price Performance

NYSE NVR traded up $100.47 during trading hours on Friday, hitting $8,508.24. The company had a trading volume of 4,881 shares, compared to its average volume of 22,490. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a 50 day simple moving average of $7,839.55 and a 200 day simple moving average of $7,410.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm has a market capitalization of $24.42 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 11.39 and a beta of 0.95.

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

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.