iA Global Asset Management Inc. Buys 551 Shares of NVR, Inc. (NYSE:NVR)

iA Global Asset Management Inc. raised its position in NVR, Inc. (NYSE:NVR - Free Report) by 1,489.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 588 shares of the construction company's stock after acquiring an additional 551 shares during the quarter. iA Global Asset Management Inc.'s holdings in NVR were worth $5,769,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC grew its position in shares of NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock worth $3,562,046,000 after buying an additional 363,004 shares in the last quarter. Smead Capital Management Inc. lifted its stake in NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company's stock worth $355,365,000 after purchasing an additional 1,223 shares during the last quarter. Jennison Associates LLC bought a new position in NVR during the third quarter worth $348,545,000. Marshfield Associates lifted its stake in NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company's stock worth $248,290,000 after purchasing an additional 96 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company's stock worth $221,595,000 after purchasing an additional 906 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. UBS Group raised their target price on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Bank of America cut their target price on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $8,783.33.

NVR Trading Down 0.1 %

NVR traded down $8.68 during trading on Friday, reaching $8,946.33. The company had a trading volume of 21,527 shares, compared to its average volume of 20,525. The firm's 50-day simple moving average is $9,337.83 and its 200 day simple moving average is $8,698.32. The company has a market cap of $27.41 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.94 and a beta of 1.18. NVR, Inc. has a 12-month low of $6,330.74 and a 12-month 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.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the prior year, the business posted $125.26 EPS. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents 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 worth $7,294,073 in the last three months. 7.00% of the stock is owned by insiders.

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.