NVR, Inc. (NYSE:NVR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in NVR, Inc. (NYSE:NVR) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,839 shares of the construction company’s stock after selling 600 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of NVR worth $23,220,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd raised its position in shares of NVR by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after acquiring an additional 2 shares during the period. Metis Global Partners LLC grew its position in shares of NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after acquiring an additional 2 shares during the period. Private Trust Co. NA increased its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. GAMMA Investing LLC raised its holdings in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares during the period. Finally, Crestmont Private Wealth LLC boosted its position in NVR by 3.9% during the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Down 2.4 %

Shares of NVR opened at $7,084.39 on Friday. The stock has a 50 day moving average price of $7,959.67 and a 200 day moving average price of $8,770.32. NVR, Inc. has a one year low of $7,073.38 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.33 and a beta of 1.20.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on NVR shares. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $9,356.67.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.00% of the stock is owned by corporate insiders.

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.