Caisse DE Depot ET Placement DU Quebec Sells 1,804 Shares of NVR, Inc. (NYSE:NVR)

Caisse DE Depot ET Placement DU Quebec lowered its holdings in NVR, Inc. (NYSE:NVR) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,283 shares of the construction company’s stock after selling 1,804 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.50% of NVR worth $149,954,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter worth $39,000. Assenagon Asset Management S.A. boosted its stake in NVR by 3,377.8% in 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 acquiring an additional 2,432 shares during the last quarter. Swedbank AB purchased a new position in NVR in the first quarter valued at about $931,000. Jane Street Group LLC grew its position in shares of NVR by 1,285.4% during the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after acquiring an additional 527 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of NVR during the 3rd quarter worth approximately $9,341,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Up 0.5 %

NYSE:NVR opened at $9,235.58 on Friday. The company has a market cap of $28.26 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.97 and a beta of 1.20. NVR, Inc. has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The stock’s fifty day moving average price is $9,400.01 and its two-hundred day moving average price is $8,631.35.

NVR (NYSE:NVR) 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). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $125.26 EPS. As a group, analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on NVR. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group lifted their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8,783.33.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at $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. Over the last ninety days, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

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.