OMERS ADMINISTRATION Corp Makes New $4.09 Million Investment in NVR, Inc. $NVR

OMERS ADMINISTRATION Corp purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 601 shares of the construction company’s stock, valued at approximately $4,095,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of NVR during the 2nd quarter valued at about $2,004,324,000. Norges Bank acquired a new position in NVR in the fourth quarter worth approximately $311,496,000. Corient Private Wealth LLC increased its holdings in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. First Trust Advisors LP raised its position in NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after acquiring an additional 21,926 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in NVR during the second quarter valued at approximately $120,488,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 0.6%

Shares of NVR stock opened at $6,432.84 on Wednesday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $6,450.03 and a two-hundred day moving average price of $6,587.13. The stock has a market capitalization of $17.11 billion, a P/E ratio of 16.68, a PEG ratio of 10.69 and a beta of 0.91.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $108.54 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BTIG Research set a $7,446.00 target price on shares of NVR in a research report on Friday, July 24th. Truist Financial cut their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Bank of America reduced their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7,224.20.

Insider Transactions at NVR

In other news, Director George Oliver bought 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.60% of the company’s stock.

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.