Healthcare of Ontario Pension Plan Trust Fund Raises Stock Holdings in NVR, Inc. $NVR

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of NVR, Inc. (NYSE:NVR) by 1,935.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,280 shares of the construction company’s stock after acquiring an additional 2,168 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in NVR were worth $15,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. Renaissance Technologies LLC raised its stake in NVR by 45.7% during the first quarter. Renaissance Technologies LLC now owns 7,080 shares of the construction company’s stock valued at $46,656,000 after purchasing an additional 2,220 shares in the last quarter. Aristides Capital LLC lifted its position in NVR by 62.6% during the first quarter. Aristides Capital LLC now owns 335 shares of the construction company’s stock valued at $2,208,000 after purchasing an additional 129 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of NVR in the 1st quarter worth $2,590,000. Inceptionr LLC purchased a new position in shares of NVR in the 1st quarter worth $1,516,000. Finally, Sei Investments Co. increased its holdings in shares of NVR by 18.9% in the 1st quarter. Sei Investments Co. now owns 1,279 shares of the construction company’s stock worth $8,428,000 after buying an additional 203 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Down 1.5%

NVR stock opened at $6,318.46 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 16.46 and a beta of 0.90. The firm’s fifty day simple moving average is $6,382.71 and its two-hundred day simple moving average is $6,776.78.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $108.54 earnings per share. As a group, analysts anticipate that NVR, Inc. will post 371.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVR. UBS Group decreased their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday. Bank of America reduced their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Zacks Research downgraded NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, NVR presently has an average rating of “Hold” and a consensus target price of $7,224.20.

About NVR

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.