NVR, Inc. (NYSE:NVR) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario reduced its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458 shares of the construction company's stock after selling 377 shares during the quarter. Investment Management Corp of Ontario's holdings in NVR were worth $3,746,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in shares of NVR in the 4th quarter valued at $3,277,825,000. Vanguard Group Inc. raised its position in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock valued at $2,800,946,000 after purchasing an additional 1,147 shares during the last quarter. Capital Research Global Investors raised its position in NVR by 11.7% in the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after purchasing an additional 11,274 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after buying an additional 1,549 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of NVR by 3.2% in the fourth quarter. Boston Partners now owns 51,844 shares of the construction company's stock valued at $424,066,000 after buying an additional 1,605 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

NVR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group dropped their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, NVR has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

Shares of NYSE NVR traded down $235.03 during midday trading on Wednesday, hitting $7,167.61. The company had a trading volume of 17,807 shares, compared to its average volume of 22,105. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The business has a 50-day simple moving average of $7,177.24 and a two-hundred day simple moving average of $7,917.30.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. Equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are 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.