Connor Clark & Lunn Investment Management Ltd. Invests $14.66 Million 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 disclosure with the Securities and Exchange Commission. The firm purchased 2,152 shares of the construction company’s stock, valued at approximately $14,662,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in NVR in the 2nd quarter valued at about $27,000. DV Equities LLC purchased a new position in shares of NVR during the fourth quarter worth approximately $29,000. Strive Financial Group LLC purchased a new position in shares of NVR during the fourth quarter worth approximately $29,000. Trust Co. of Vermont bought a new stake in shares of NVR during the second quarter valued at approximately $34,000. Finally, Oakworth Capital Inc. bought a new stake in shares of NVR during the fourth quarter valued at approximately $36,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVR shares. Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Truist Financial reduced their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. BTIG Research set a $7,446.00 target price on NVR in a report on Friday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7,224.20.

NVR Trading Up 0.6%

NYSE NVR opened at $6,432.84 on Wednesday. NVR, Inc. has a one year low of $5,501.01 and a one year 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 company has a market capitalization of $17.11 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91. The company’s 50-day simple moving average is $6,450.03 and its two-hundred day simple moving average is $6,587.13.

NVR (NYSE:NVR) last announced its quarterly 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 firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $108.54 EPS. Equities analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director George Oliver bought 63 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

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.