The Manufacturers Life Insurance Company Sells 136 Shares of NVR, Inc. $NVR

The Manufacturers Life Insurance Company decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,478 shares of the construction company’s stock after selling 136 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NVR were worth $9,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its position in NVR by 47.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,544 shares of the construction company’s stock worth $10,177,000 after buying an additional 499 shares during the period. SummitTX Capital L.P. bought a new stake in shares of NVR in the first quarter valued at approximately $27,045,000. OMERS ADMINISTRATION Corp grew its stake in shares of NVR by 15.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 473 shares of the construction company’s stock worth $3,117,000 after acquiring an additional 62 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of NVR by 10.7% in the first quarter. Epoch Investment Partners Inc. now owns 16,359 shares of the construction company’s stock worth $107,803,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in NVR by 1,935.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,280 shares of the construction company’s stock worth $15,025,000 after acquiring an additional 2,168 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 1.0%

Shares of NYSE NVR opened at $6,207.46 on Tuesday. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The business has a fifty day moving average of $6,414.86 and a two-hundred day moving average of $6,735.96. The stock has a market cap of $16.76 billion, a PE ratio of 16.10, a PEG ratio of 10.14 and a beta of 0.91.

NVR (NYSE:NVR) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $108.54 EPS. As a group, equities research analysts expect that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVR has been the subject of several research analyst reports. UBS Group cut their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Truist Financial reduced their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. Finally, Bank of America dropped 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7,224.20.

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.