Connor Clark & Lunn Investment Management Ltd. Purchases 179 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Connor Clark & Lunn Investment Management Ltd. has increased its stake in NVR, Inc. by 17.8%, acquiring an additional 179 shares, bringing its total holdings to 1,185 shares worth approximately $8,585,000.
• Insider trading showed that Director Susan Williamson Ross sold 125 shares at an average price of $7,850.28, reducing her stake by 24.46%.
• Equities research analysts have recently upgraded NVR's rating from "sell" to "hold", with price targets ranging between $7,600 and $8,150.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,185 shares of the construction company's stock after buying an additional 179 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in NVR were worth $8,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management boosted its position in NVR by 21.2% in the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after purchasing an additional 11 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after purchasing an additional 36 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after buying an additional 63 shares during the period. GAMMA Investing LLC raised its stake in shares of NVR by 15.8% in the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after buying an additional 3 shares during the period. Finally, Vise Technologies Inc. raised its stake in shares of NVR by 105.7% in the fourth quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock valued at $892,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Williamson Ross sold 125 shares of the company'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 completion of the transaction, the director owned 386 shares of the company's stock, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

NVR Price Performance

NYSE NVR traded down $84.24 during trading on Thursday, reaching $8,212.41. The company's stock had a trading volume of 14,339 shares, compared to its average volume of 23,091. The stock has a market capitalization of $23.57 billion, a PE ratio of 17.33, a P/E/G ratio of 11.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The firm has a fifty day moving average of $7,534.37 and a 200 day moving average of $7,362.73. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77.

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

NVR announced that its board has authorized a stock repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have issued reports on NVR shares. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, NVR has an average rating of "Hold" and a consensus target price of $8,783.33.

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.