Caisse de depot et placement du Quebec Acquires Shares of 28,490 NVR, Inc. $NVR

Caisse de depot et placement du Quebec bought a new position in shares of NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,490 shares of the construction company’s stock, valued at approximately $194,114,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in NVR during the 2nd quarter worth approximately $2,004,324,000. Norges Bank purchased a new position in shares of NVR in the 4th quarter valued at approximately $311,496,000. Corient Private Wealth LLC raised its stake in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares during the last quarter. First Trust Advisors LP raised its stake in shares of NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after purchasing an additional 21,926 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of NVR during the second quarter worth $126,164,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of several recent research reports. Zacks Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Truist Financial cut their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. UBS Group dropped their target price 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 decreased their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, BTIG Research set a $7,446.00 price objective on NVR in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $7,224.20.

Insider Buying and Selling

In other NVR news, Director George Oliver purchased 63 shares of NVR stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $6,365.53 on Thursday. The firm has a 50 day simple moving average of $6,451.89 and a 200-day simple moving average of $6,575.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The firm has a market cap of $16.93 billion, a PE ratio of 16.51, a P/E/G ratio of 10.75 and a beta of 0.91. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last released its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $108.54 earnings per share. On average, equities analysts expect that NVR, Inc. will post 367.13 EPS for the current year.

About NVR

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.