National Bank of Canada FI Purchases 701 Shares of NVR, Inc. (NYSE:NVR)

National Bank of Canada FI increased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 80.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,573 shares of the construction company's stock after purchasing an additional 701 shares during the period. National Bank of Canada FI owned 0.05% of NVR worth $15,434,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in NVR by 113.0% in the 1st quarter. Cetera Investment Advisers now owns 196 shares of the construction company's stock valued at $1,588,000 after buying an additional 104 shares during the period. Cetera Advisors LLC acquired a new position in NVR during the first quarter valued at $421,000. Sequoia Financial Advisors LLC grew its position in NVR by 15.8% in the second quarter. Sequoia Financial Advisors LLC now owns 44 shares of the construction company's stock worth $334,000 after acquiring an additional 6 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of NVR by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 119 shares of the construction company's stock worth $903,000 after buying an additional 14 shares during the last quarter. Finally, Swedbank AB increased its stake in NVR by 8.7% during the second quarter. Swedbank AB now owns 125 shares of the construction company's stock valued at $949,000 after acquiring an additional 10 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares of the company's stock, valued at $1,965,600. This represents a 65.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David A. Preiser sold 250 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last 90 days. Company insiders own 7.00% of the company's stock.

NVR Trading Down 0.1 %

NVR stock traded down $8.93 during trading on Wednesday, hitting $8,848.69. 31,323 shares of the company traded hands, compared to its average volume of 19,412. The firm has a market capitalization of $27.08 billion, a PE ratio of 18.10, a P/E/G ratio of 1.92 and a beta of 1.18. NVR, Inc. has a 1 year low of $6,500.61 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The company has a 50-day moving average of $9,303.09 and a 200-day moving average of $8,729.30.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the firm earned $125.26 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

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.