Alberta Investment Management Corp Invests $4.02 Million in NVR, Inc. $NVR

Alberta Investment Management Corp bought a new stake in NVR, Inc. (NYSE:NVR) in the 3rd quarter, Holdings Channel.com reports. The fund bought 500 shares of the construction company’s stock, valued at approximately $4,017,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NVR in the 2nd quarter valued at $268,447,000. Robeco Institutional Asset Management B.V. increased its holdings in NVR by 844.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock worth $66,856,000 after purchasing an additional 7,440 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in NVR in the second quarter valued at approximately $54,548,000. Rakuten Investment Management Inc. purchased a new stake in shares of NVR during the 3rd quarter worth $51,896,000. Finally, Boston Partners increased its stake in NVR by 9.9% in the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after purchasing an additional 5,875 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is owned by insiders.

NVR Trading Down 0.0%

Shares of NVR stock opened at $7,519.50 on Friday. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28. The stock has a market cap of $20.98 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average price is $7,575.74 and its two-hundred day moving average price is $7,705.91.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping the consensus estimate of $105.42 by $16.12. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $139.93 earnings per share. On average, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has approved a share buyback plan on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

NVR has been the topic of a number of research reports. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. BTIG Research started coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on shares of NVR in a research note on Friday, February 13th. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NVR currently has an average rating of “Moderate Buy” and an average price target of $8,279.40.

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.