Canada Pension Plan Investment Board Cuts Position in NVR, Inc. (NYSE:NVR)

Canada Pension Plan Investment Board reduced its position in shares of NVR, Inc. (NYSE:NVR) by 38.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,858 shares of the construction company’s stock after selling 1,166 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of NVR worth $14,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Benjamin F. Edwards & Company Inc. grew its stake in NVR by 32.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 98 shares of the construction company’s stock worth $744,000 after buying an additional 24 shares during the last quarter. Brighton Jones LLC boosted its stake in NVR by 87.2% during the 2nd quarter. Brighton Jones LLC now owns 73 shares of the construction company’s stock worth $554,000 after purchasing an additional 34 shares during the period. MQS Management LLC purchased a new position in NVR during the 2nd quarter worth $250,000. XTX Topco Ltd acquired a new position in NVR in the second quarter valued at $979,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in NVR by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 199 shares of the construction company’s stock valued at $1,510,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $9,707.71 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $9,730.21. The firm has a 50-day simple moving average of $8,859.25 and a 200-day simple moving average of $8,091.38. The company has a market capitalization of $30.41 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.18.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing the consensus estimate of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. On average, equities research analysts anticipate that NVR, Inc. will post 500.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 175 shares of NVR stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,989,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NVR news, Director Alfred E. Festa sold 148 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the completion of the transaction, the director now owns 173 shares in the company, valued at $1,485,369.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 175 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,989,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 648 shares of company stock worth $5,547,709. 7.00% of the stock is owned by insiders.

NVR Company 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.