Connor Clark & Lunn Investment Management Ltd. Takes $14.66 Million Position in NVR, Inc. $NVR

Connor Clark & Lunn Investment Management Ltd. purchased a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,152 shares of the construction company’s stock, valued at approximately $14,662,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of NVR as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP increased its holdings in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of NVR by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after acquiring an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Up 0.6%

Shares of NYSE NVR opened at $6,432.84 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market cap of $17.11 billion, a P/E ratio of 16.68, a PEG ratio of 10.69 and a beta of 0.91. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The firm has a 50-day simple moving average of $6,450.03 and a two-hundred day simple moving average of $6,587.13.

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

Insider Activity

In other NVR news, Director George Oliver purchased 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BTIG Research set a $7,446.00 price objective on NVR in a research report on Friday, July 24th. Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.