BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in NVR, Inc. (NYSE:NVR) by 13.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249 shares of the construction company’s stock after selling 200 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NVR were worth $3,566,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. AMP Capital Investors Ltd raised its holdings in shares of NVR by 445.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 3,718 shares of the construction company’s stock worth $10,617,000 after buying an additional 3,036 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of NVR by 62.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,578 shares of the construction company’s stock worth $4,505,000 after buying an additional 609 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of NVR during the 3rd quarter worth $1,250,000. Invictus RG acquired a new position in shares of NVR during the 3rd quarter worth $305,000. Finally, Tredje AP fonden raised its holdings in shares of NVR by 170.5% during the 3rd quarter. Tredje AP fonden now owns 1,650 shares of the construction company’s stock worth $4,711,000 after buying an additional 1,040 shares in the last quarter. 78.48% of the stock is owned by institutional investors.
In related news, Director Timothy M. Donahue sold 326 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the transaction, the director now owns 844 shares in the company, valued at approximately $2,757,238.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William A. Moran sold 4,949 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $3,261.99, for a total value of $16,143,588.51. Following the transaction, the director now owns 26,085 shares in the company, valued at approximately $85,089,009.15. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by insiders.
Shares of NVR, Inc. (NYSE:NVR) opened at $3,398.63 on Friday. The company has a market capitalization of $12,736.24, a PE ratio of 25.02, a P/E/G ratio of 1.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 3.60. NVR, Inc. has a 52-week low of $1,611.84 and a 52-week high of $3,509.88.
NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $35.77 by $2.25. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. NVR had a return on equity of 38.23% and a net margin of 9.22%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $28.46 earnings per share. research analysts forecast that NVR, Inc. will post 147.66 earnings per share for the current year.
NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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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