Canada Pension Plan Investment Board Makes New Investment in NVR, Inc. $NVR

Key Points

• Canada Pension Plan Investment Board acquired 4,277 NVR shares worth approximately $29.1 million, giving it a 0.16% stake. Institutional investors collectively own 83.67% of the homebuilder.
• NVR reported quarterly revenue of $2.34 billion, below expectations and down 10.5% year over year, while earnings per share substantially exceeded analyst estimates. Analysts forecast full-year EPS of $367.13.
• NVR shares opened at $6,413.48, and analyst sentiment remains cautious: the stock carries a consensus “Hold” rating with an average price target of $7,224.20.

Canada Pension Plan Investment Board bought a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,277 shares of the construction company's stock, valued at approximately $29,141,000. Canada Pension Plan Investment Board owned 0.16% of NVR as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of NVR in the 2nd quarter worth $27,000. DV Equities LLC purchased a new position in shares of NVR during the fourth quarter valued at $29,000. Strive Financial Group LLC purchased a new position in shares of NVR during the fourth quarter valued at $29,000. Trust Co. of Vermont bought a new stake in shares of NVR in the second quarter valued at about $34,000. Finally, Global Retirement Partners LLC bought a new stake in shares of NVR in the second quarter valued at about $41,000. Institutional investors own 83.67% of the company's stock.

NVR Stock Up 0.8%

Shares of NVR stock opened at $6,413.48 on Friday. The firm's 50 day moving average price is $6,448.16 and its 200-day moving average price is $6,562.74. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a market cap of $17.06 billion, a P/E ratio of 16.63, a PEG ratio of 10.64 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $108.54 earnings per share. On average, sell-side analysts predict that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Activity at NVR

In other NVR news, Director George Oliver acquired 63 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NVR. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. UBS Group reduced their price target on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Bank of America lowered their price target on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Truist Financial cut their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Finally, Weiss Ratings raised shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $7,224.20.

NVR Profile

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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