Connor Clark & Lunn Investment Management Ltd. Sells 844 Shares of NVR, Inc. $NVR

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 71.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341 shares of the construction company’s stock after selling 844 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NVR were worth $2,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of NVR by 2.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,607 shares of the construction company’s stock worth $41,411,000 after purchasing an additional 156 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in NVR by 25.0% during the second quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock worth $74,000 after purchasing an additional 2 shares during the period. Aviva PLC grew its stake in NVR by 66.8% during the second quarter. Aviva PLC now owns 2,055 shares of the construction company’s stock worth $15,178,000 after buying an additional 823 shares in the last quarter. AGF Management Ltd. grew its stake in NVR by 550.8% during the second quarter. AGF Management Ltd. now owns 423 shares of the construction company’s stock worth $3,124,000 after buying an additional 358 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in NVR by 6.3% in the 2nd quarter. Penserra Capital Management LLC now owns 85 shares of the construction company’s stock valued at $627,000 after buying an additional 5 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVR has been the subject of a number of recent analyst reports. Bank of America cut their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group raised their target price on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus price target of $8,366.67.

Insider Activity at NVR

In other news, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares of the company’s stock, valued at $606,183. This represents a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Devito bought 14 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Up 0.2%

Shares of NVR opened at $7,267.30 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,376.75. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 9.94 and a beta of 0.93. The stock has a fifty day moving average of $7,753.02 and a 200-day moving average of $7,616.77.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the company posted $130.50 EPS. NVR’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share 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.