BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 89 Shares of NVR, Inc. (NYSE:NVR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522 shares of the construction company's stock after selling 89 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NVR were worth $5,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of NVR during the third quarter valued at approximately $39,000. Assenagon Asset Management S.A. grew its holdings in shares of NVR by 3,377.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company's stock valued at $19,002,000 after buying an additional 2,432 shares during the last quarter. Swedbank AB purchased a new stake in shares of NVR during the first quarter valued at approximately $931,000. Jane Street Group LLC grew its holdings in shares of NVR by 1,285.4% during the first quarter. Jane Street Group LLC now owns 568 shares of the construction company's stock valued at $4,601,000 after buying an additional 527 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of NVR during the third quarter valued at approximately $9,341,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVR. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. UBS Group lifted their target price 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. Finally, Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, NVR has a consensus rating of "Hold" and a consensus target price of $8,783.33.

Insider Buying and Selling

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

NVR Stock Performance

Shares of NVR stock traded down $7.43 during mid-day trading on Tuesday, reaching $9,172.57. 17,752 shares of the company's stock traded hands, compared to its average volume of 19,368. NVR, Inc. has a 12 month low of $6,286.46 and a 12 month high of $9,964.77. The firm has a 50 day moving average price of $9,384.71 and a two-hundred day moving average price of $8,666.89. 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 firm has a market capitalization of $28.07 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18.

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

NVR 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.