The Manufacturers Life Insurance Company Has $125.45 Million Stake in NVR, Inc. (NYSE:NVR)

The Manufacturers Life Insurance Company increased its position in NVR, Inc. (NYSE:NVR - Free Report) by 26.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,532 shares of the construction company's stock after buying an additional 3,499 shares during the period. The Manufacturers Life Insurance Company owned 0.53% of NVR worth $125,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. Valued Wealth Advisors LLC increased its stake in shares of NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company's stock worth $32,000 after purchasing an additional 2 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in NVR during the second quarter valued at about $46,000. Whittier Trust Co. of Nevada Inc. bought a new position in NVR during the second quarter valued at about $53,000. Mather Group LLC. acquired a new stake in shares of NVR in the first quarter worth about $73,000. Finally, UMB Bank n.a. boosted its stake in shares of NVR by 57.1% during the 2nd quarter. UMB Bank n.a. now owns 11 shares of the construction company's stock worth $83,000 after acquiring an additional 4 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the completion of the transaction, the director now owns 391 shares of the company's stock, valued at approximately $3,325,810.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the completion of the transaction, the director now directly owns 391 shares in the company, valued at approximately $3,325,810.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. The disclosure for this sale can be found here. Insiders sold 648 shares of company stock worth $5,547,709 over the last ninety days. Company insiders own 7.00% of the company's stock.

NVR Stock Up 1.9 %

Shares of NVR stock opened at $9,743.13 on Friday. The stock's 50 day simple moving average is $8,956.01 and its 200 day simple moving average is $8,140.10. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $9,820.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. The company has a market capitalization of $30.53 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.55 and a beta of 1.18.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts' consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. As a group, research analysts predict that NVR, Inc. will post 500.67 EPS for the current 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.

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