iA Global Asset Management Inc. Invests $691,000 in NVR, Inc. $NVR

iA Global Asset Management Inc. acquired a new stake in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 86 shares of the construction company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in shares of NVR in the second quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after acquiring an additional 3 shares during the period. Assetmark Inc. grew its holdings in NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after purchasing an additional 2 shares in the last quarter. State of Wyoming purchased a new stake in shares of NVR during the second quarter worth about $44,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of NVR during the 2nd quarter valued at approximately $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the subject of several research reports. Bank of America decreased their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. UBS Group cut their price target on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. BTIG Research initiated coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday. Finally, Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8,443.00.

NVR Price Performance

Shares of NYSE:NVR opened at $7,658.17 on Monday. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $8,618.28. The business has a fifty day simple moving average of $7,448.47 and a 200 day simple moving average of $7,691.97. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 10.55 and a beta of 1.01.

Insider Transactions at NVR

In other news, Director Michael J. Devito bought 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the purchase, the director owned 14 shares of the company’s stock, valued at $98,952.70. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is owned by insiders.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.