Great West Life Assurance Co. Can Increases Stake in NVR, Inc. (NVR)

Great West Life Assurance Co. Can increased its position in NVR, Inc. (NYSE:NVR) by 26.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,394 shares of the construction company’s stock after buying an additional 911 shares during the period. Great West Life Assurance Co. Can owned 0.12% of NVR worth $10,512,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NVR. Sumitomo Mitsui Asset Management Company LTD bought a new stake in NVR during the second quarter worth about $588,000. Shell Asset Management Co. boosted its stake in NVR by 126.9% in the second quarter. Shell Asset Management Co. now owns 633 shares of the construction company’s stock worth $1,526,000 after buying an additional 354 shares in the last quarter. ING Groep NV bought a new stake in NVR during the second quarter worth about $1,022,000. Moloney Securities Asset Management LLC bought a new stake in NVR during the second quarter worth about $224,000. Finally, Acadian Asset Management LLC boosted its stake in NVR by 53.7% in the second quarter. Acadian Asset Management LLC now owns 23,516 shares of the construction company’s stock worth $56,688,000 after buying an additional 8,217 shares in the last quarter. Institutional investors own 77.85% of the company’s stock.

Shares of NVR, Inc. (NYSE:NVR) opened at 2741.03 on Thursday. The firm has a market cap of $10.26 billion, a PE ratio of 21.68 and a beta of 0.67. The stock’s 50 day moving average is $2,548.88 and its 200-day moving average is $2,211.24. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,748.57.

NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $28.63 by $6.56. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $22.01 earnings per share. Analysts expect that NVR, Inc. will post $139.24 earnings per share for the current year.

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A number of analysts have recently issued reports on the stock. MKM Partners restated a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price for the company in a research note on Wednesday, June 28th. Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2,672.00.

In related news, CEO Paul C. Saville sold 2,086 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $2,315.08, for a total transaction of $4,829,256.88. Following the completion of the transaction, the chief executive officer now owns 118,066 shares in the company, valued at $273,332,235.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William Grady Rosier sold 1,250 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the transaction, the director now owns 1,212 shares of the company’s stock, valued at approximately $3,236,609.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,161 shares of company stock valued at $17,949,273. 11.30% of the stock is owned by company insiders.

NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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