Canada Pension Plan Investment Board Has $50.10 Million Stock 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 increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 92.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,915 shares of the construction company's stock after acquiring an additional 3,319 shares during the period. Canada Pension Plan Investment Board owned about 0.24% of NVR worth $50,095,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Timucuan Asset Management Inc. FL raised its holdings in shares of NVR by 2.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 11,316 shares of the construction company's stock valued at $81,975,000 after purchasing an additional 236 shares during the last quarter. Trexquant Investment LP acquired a new stake in NVR in the 1st quarter valued at $15,836,000. OMERS ADMINISTRATION Corp lifted its position in NVR by 19.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 360 shares of the construction company's stock worth $2,608,000 after buying an additional 58 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of NVR by 8.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,029 shares of the construction company's stock worth $50,921,000 after buying an additional 568 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its holdings in shares of NVR by 19.8% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 417 shares of the construction company's stock valued at $3,021,000 after acquiring an additional 69 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director directly owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company's stock, valued at $606,183. This represents a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 in the last 90 days. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVR. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price target 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 increased their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Performance

NVR traded up $181.81 on Thursday, reaching $8,372.04. The company had a trading volume of 10,009 shares, compared to its average volume of 22,547. The company's fifty day moving average is $7,817.14 and its 200 day moving average is $7,403.05. 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 stock has a market cap of $24.03 billion, a P/E ratio of 17.68, a P/E/G ratio of 11.29 and a beta of 0.95. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.

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

NVR Company 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.