NVR, Inc. $NVR Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in NVR, Inc. (NYSE:NVR) by 84.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 254 shares of the construction company’s stock after selling 1,340 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NVR were worth $2,041,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NVR. Norges Bank purchased a new stake in shares of NVR during the 2nd quarter worth approximately $268,447,000. Close Asset Management Ltd purchased a new stake in NVR in the third quarter valued at $148,939,000. Robeco Institutional Asset Management B.V. boosted its stake in NVR by 844.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock valued at $66,856,000 after acquiring an additional 7,440 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of NVR during the second quarter worth about $54,548,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of NVR during the third quarter worth about $51,896,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NVR. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research report on Thursday, January 29th. UBS Group set a $8,100.00 target price on shares of NVR in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, BTIG Research initiated coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8,182.83.

NVR Stock Performance

Shares of NVR opened at $7,075.99 on Friday. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $8,618.28. The company’s fifty day moving average is $7,560.62 and its two-hundred day moving average is $7,664.44. The stock has a market capitalization of $19.74 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $139.93 EPS. On average, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the transaction, the director directly owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 over the last quarter. Insiders own 7.00% of the company’s stock.

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.