Louisiana State Employees Retirement System Buys Shares of 100 NVR, Inc. $NVR

Louisiana State Employees Retirement System purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 100 shares of the construction company’s stock, valued at approximately $659,000.

Several other institutional investors also recently modified their holdings of NVR. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in NVR during the 4th quarter valued at $11,610,000. Marshfield Associates grew its stake in shares of NVR by 4.7% during the 3rd quarter. Marshfield Associates now owns 25,042 shares of the construction company’s stock valued at $201,204,000 after purchasing an additional 1,130 shares during the period. AustralianSuper Pty Ltd purchased a new stake in NVR during the fourth quarter valued at approximately $4,835,000. Norges Bank bought a new stake in shares of NVR during the 4th quarter valued at $311,496,000. Finally, SG Americas Securities LLC raised its holdings in NVR by 669.5% in the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock worth $30,863,000 after purchasing an additional 3,682 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In related news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NVR shares. Zelman & Associates raised NVR from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial cut their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7,649.33.

NVR Price Performance

NVR stock traded up $38.49 during mid-day trading on Tuesday, hitting $6,732.15. The company had a trading volume of 1,166 shares, compared to its average volume of 27,471. The company has a 50-day moving average price of $6,258.66 and a 200 day moving average price of $6,873.93. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 5.01 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $94.83 earnings per share. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, research analysts anticipate that NVR, Inc. will post 372.53 earnings per share for the current year.

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.