AGF Management Ltd. Purchases 358 Shares of NVR, Inc. $NVR

AGF Management Ltd. boosted its position in shares of NVR, Inc. (NYSE:NVR) by 550.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423 shares of the construction company’s stock after acquiring an additional 358 shares during the period. AGF Management Ltd.’s holdings in NVR were worth $3,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners boosted its stake in NVR by 14.0% during the 1st quarter. Boston Partners now owns 59,077 shares of the construction company’s stock valued at $427,962,000 after purchasing an additional 7,233 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after acquiring an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after acquiring an additional 50,046 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in NVR by 9,358.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock worth $356,277,000 after acquiring an additional 47,729 shares during the period. Finally, Wellington Management Group LLP raised its stake in NVR by 7.5% during the 1st quarter. Wellington Management Group LLP now owns 47,995 shares of the construction company’s stock valued at $347,694,000 after purchasing an additional 3,363 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NVR news, Director Michael J. Devito acquired 14 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 850 shares of company stock worth $6,888,075. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NVR. Bank of America decreased their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. UBS Group raised their price objective on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8,366.67.

NVR Stock Up 0.7%

NVR opened at $7,242.58 on Monday. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 9.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm’s 50-day simple moving average is $7,852.22 and its 200-day simple moving average is $7,613.89. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,376.75.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $130.50 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal 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.