Bank of Nova Scotia Purchases 1,616 Shares of NVR, Inc. (NYSE:NVR)

Bank of Nova Scotia grew its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 412.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,008 shares of the construction company's stock after purchasing an additional 1,616 shares during the period. Bank of Nova Scotia owned approximately 0.07% of NVR worth $16,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVR. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after acquiring an additional 3 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR during the third quarter worth approximately $49,000. Smartleaf Asset Management LLC grew its position in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares in the last quarter. GAMMA Investing LLC lifted its position in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after buying an additional 2 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $164,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

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NVR Stock Down 0.4 %

Shares of NVR traded down $25.97 during trading hours on Tuesday, hitting $7,215.01. 5,297 shares of the company were exchanged, compared to its average volume of 27,338. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a market cap of $21.42 billion, a PE ratio of 14.22, a PEG ratio of 2.39 and a beta of 1.07. The firm's 50 day moving average is $7,252.16 and its 200-day moving average is $8,274.97. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVR shares. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9,356.67.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.00% of the company's stock.

NVR Company Profile

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.