The Manufacturers Life Insurance Company Has $163.88 Million Stake in NVR, Inc. (NYSE:NVR)

The Manufacturers Life Insurance Company lifted its position in shares of NVR, Inc. (NYSE:NVR) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,702 shares of the construction company’s stock after purchasing an additional 170 shares during the period. The Manufacturers Life Insurance Company’s holdings in NVR were worth $163,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Drive Wealth Management LLC lifted its holdings in shares of NVR by 7.7% during the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock worth $212,000 after acquiring an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in NVR by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock worth $2,383,000 after acquiring an additional 2 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of NVR by 8.7% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock valued at $190,000 after purchasing an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 in the last ninety days. Insiders own 7.00% of the company’s stock.

NVR Stock Performance

NVR stock opened at $9,239.46 on Wednesday. The company has a market capitalization of $28.27 billion, a PE ratio of 18.89, a P/E/G ratio of 1.99 and a beta of 1.20. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The firm has a fifty day simple moving average of $9,420.06 and a two-hundred day simple moving average of $8,612.27. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $125.26 EPS. Research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Wall Street Analyst Weigh In

NVR has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8,783.33.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.