NVR, Inc. (NVR) Position Trimmed by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its stake in NVR, Inc. (NYSE:NVR) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,010 shares of the construction company’s stock after selling 3,170 shares during the period. Canada Pension Plan Investment Board owned 0.83% of NVR worth $88,534,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its holdings in shares of NVR by 16.0% during the 2nd quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after buying an additional 5,580 shares in the last quarter. Birinyi Associates Inc. bought a new stake in shares of NVR during the 2nd quarter valued at $1,005,000. Andra AP fonden bought a new stake in shares of NVR during the 2nd quarter valued at $4,797,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of NVR by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,434 shares of the construction company’s stock valued at $102,292,000 after buying an additional 683 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of NVR by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 577 shares of the construction company’s stock valued at $1,391,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 80.59% of the company’s stock.

A number of analysts have recently commented on NVR shares. Wells Fargo & Company restated a “market perform” rating on shares of NVR in a report on Friday, October 20th. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 target price on the stock in a report on Tuesday, October 24th. UBS AG started coverage on shares of NVR in a report on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 target price on the stock. Finally, MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $3,111.75.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.77 by $2.25. NVR had a return on equity of 38.23% and a net margin of 9.22%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $28.46 EPS. The business’s revenue was up 8.5% compared to the same quarter last year.

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In other news, Director Timothy M. Donahue sold 326 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the transaction, the director now owns 844 shares of the company’s stock, valued at approximately $2,757,238.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy M. Donahue sold 325 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $2,730.07, for a total value of $887,272.75. Following the transaction, the director now directly owns 843 shares in the company, valued at approximately $2,301,449.01. The disclosure for this sale can be found here. Insiders have sold a total of 816 shares of company stock worth $2,394,845 in the last three months. Corporate insiders own 11.30% of the company’s stock.

NVR Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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