National Bank of Canada FI Has $6.72 Million Position in NVR, Inc. (NYSE:NVR)

National Bank of Canada FI raised its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 964 shares of the construction company's stock after buying an additional 164 shares during the period. National Bank of Canada FI's holdings in NVR were worth $6,718,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVR. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR in the fourth quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in shares of NVR during the fourth quarter worth about $42,000. Allworth Financial LP increased its stake in shares of NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company's stock worth $56,000 after buying an additional 4 shares during the period. GAMMA Investing LLC acquired a new stake in NVR in the fourth quarter valued at approximately $78,000. Finally, Planned Solutions Inc. purchased a new position in NVR in the fourth quarter worth approximately $91,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Paul C. Saville sold 1,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7,510.05, for a total value of $11,265,075.00. Following the completion of the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $802,523,943. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Paul C. Saville sold 1,500 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $7,510.05, for a total value of $11,265,075.00. Following the sale, the chairman now owns 106,860 shares in the company, valued at approximately $802,523,943. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the transaction, the director now directly owns 405 shares of the company's stock, valued at $2,974,700.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,102 shares of company stock worth $45,973,850. Corporate insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NVR shares. UBS Group upped their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. StockNews.com raised NVR from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th.

NVR Stock Performance

NYSE NVR traded down $15.51 during trading hours on Friday, hitting $7,655.39. 19,665 shares of the stock were exchanged, compared to its average volume of 18,968. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,211.40. The stock has a 50-day moving average of $7,750.96 and a 200 day moving average of $7,084.05. The company has a market cap of $24.25 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same period last year, the firm earned $99.89 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is 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.