Alberta Investment Management Corp Makes New $4.02 Million Investment in NVR, Inc. $NVR

Alberta Investment Management Corp bought a new stake in NVR, Inc. (NYSE:NVR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 500 shares of the construction company’s stock, valued at approximately $4,017,000.

A number of other institutional investors have also recently made changes to their positions in NVR. Brighton Jones LLC boosted its holdings in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares in the last quarter. Woodline Partners LP raised its position in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in NVR by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40 shares of the construction company’s stock worth $295,000 after purchasing an additional 3 shares in the last quarter. Nordea Investment Management AB increased its stake in NVR by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 259 shares of the construction company’s stock valued at $1,902,000 after purchasing an additional 20 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of NVR by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,532 shares of the construction company’s stock worth $18,725,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,519.50 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The firm has a fifty day moving average of $7,575.74 and a 200 day moving average of $7,705.91. The firm has a market cap of $20.98 billion, a PE ratio of 17.20, a PEG ratio of 2.53 and a beta of 1.03. NVR, Inc. has a one year low of $6,562.85 and a one year high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $139.93 earnings per share. As a group, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BTIG Research assumed coverage on NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. UBS Group set a $8,100.00 target price on NVR in a research report on Friday, February 13th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8,279.40.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the sale, the director directly owned 386 shares of the company’s stock, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is owned by company insiders.

About NVR

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.