Royal Bank of Canada boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,700 shares of the construction company’s stock after buying an additional 154 shares during the quarter. Royal Bank of Canada’s holdings in NVR were worth $5,728,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of NVR by 111.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,110 shares of the construction company’s stock valued at $3,742,000 after purchasing an additional 585 shares during the last quarter. United Services Automobile Association grew its position in shares of NVR by 188.6% in the second quarter. United Services Automobile Association now owns 1,974 shares of the construction company’s stock valued at $6,653,000 after purchasing an additional 1,290 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of NVR in the second quarter valued at approximately $2,952,000. Zacks Investment Management acquired a new stake in shares of NVR in the second quarter valued at approximately $819,000. Finally, Pictet Asset Management Ltd. grew its position in shares of NVR by 11.7% in the second quarter. Pictet Asset Management Ltd. now owns 6,480 shares of the construction company’s stock valued at $21,839,000 after purchasing an additional 679 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.
Shares of NVR opened at $3,572.04 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.14 and a current ratio of 4.29. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.65 and a beta of 0.61. The company’s 50 day simple moving average is $3,629.58 and its 200 day simple moving average is $3,359.59. NVR, Inc. has a 1 year low of $2,040.71 and a 1 year high of $3,794.10.
Several analysts have recently commented on NVR shares. JPMorgan Chase & Co. lowered shares of NVR from a “neutral” rating to an “underweight” rating and increased their price target for the company from $3,300.00 to $3,680.00 in a research report on Wednesday, September 11th. Buckingham Research increased their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. ValuEngine lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 price target on the stock in a research report on Thursday, July 11th. Finally, Evercore raised shares of NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3,537.33.
In other NVR news, Director Charles Elliott Andrews sold 1,950 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $3,581.49, for a total transaction of $6,983,905.50. Following the transaction, the director now owns 2,988 shares of the company’s stock, valued at $10,701,492.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Paul C. Saville sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $3,502.83, for a total transaction of $70,056,600.00. Following the transaction, the chief executive officer now directly owns 132,770 shares in the company, valued at approximately $465,070,739.10. The disclosure for this sale can be found here. Insiders have sold 32,561 shares of company stock worth $114,955,340 in the last three months. Insiders own 11.10% of the company’s stock.
NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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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