NVR, Inc. (NYSE:NVR) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of NVR, Inc. (NYSE:NVRFree Report) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,782 shares of the construction company’s stock after purchasing an additional 41 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NVR were worth $10,627,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NVR. Berkshire Hathaway Inc acquired a new position in NVR during the second quarter worth $70,568,000. Arizona State Retirement System raised its holdings in shares of NVR by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 886 shares of the construction company’s stock worth $5,627,000 after acquiring an additional 4 shares during the period. ING Groep NV boosted its position in shares of NVR by 21.5% during the 3rd quarter. ING Groep NV now owns 3,810 shares of the construction company’s stock valued at $22,720,000 after acquiring an additional 675 shares during the last quarter. Truist Financial Corp grew its holdings in shares of NVR by 2.7% in the second quarter. Truist Financial Corp now owns 228 shares of the construction company’s stock valued at $1,448,000 after purchasing an additional 6 shares during the period. Finally, Fortis Capital Management LLC increased its position in NVR by 6.8% during the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock worth $1,307,000 after purchasing an additional 14 shares during the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other news, CFO Daniel David Malzahn sold 1,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $6,296.26, for a total transaction of $6,296,260.00. Following the completion of the transaction, the chief financial officer now directly owns 11,853 shares in the company, valued at $74,629,569.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Daniel David Malzahn sold 1,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $6,296.26, for a total transaction of $6,296,260.00. Following the sale, the chief financial officer now owns 11,853 shares of the company’s stock, valued at $74,629,569.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Paul C. Saville sold 500 shares of NVR stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $7,392.07, for a total transaction of $3,696,035.00. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $789,916,600.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,572 shares of company stock valued at $68,872,212 over the last quarter. 8.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of NVR from a “sell” rating to a “hold” rating and boosted their target price for the company from $4,900.00 to $6,300.00 in a report on Friday, December 8th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st.

Read Our Latest Report on NVR

NVR Stock Down 0.5 %

Shares of NVR opened at $7,447.99 on Friday. The company’s 50-day moving average price is $6,989.92 and its 200 day moving average price is $6,386.58. NVR, Inc. has a 12-month low of $5,000.90 and a 12-month high of $7,497.99. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $23.76 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 3.58 and a beta of 1.12.

NVR (NYSE:NVRGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $133.44 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts forecast that NVR, Inc. will post 471.75 earnings per share for the current year.

NVR declared that its board has initiated a share buyback plan on Thursday, November 9th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

NVR Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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