State Board of Administration of Florida Retirement System Reduces Holdings in NVR, Inc. $NVR

State Board of Administration of Florida Retirement System reduced its position in NVR, Inc. (NYSE:NVR) by 8.9% in the 2nd quarter, Holdings Channel reports. The firm owned 2,095 shares of the construction company’s stock after selling 204 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in NVR were worth $15,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jump Financial LLC raised its position in shares of NVR by 201.6% in the first quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock valued at $1,398,000 after buying an additional 129 shares during the last quarter. Nomura Holdings Inc. grew its stake in NVR by 39.8% during the 1st quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock valued at $992,000 after acquiring an additional 39 shares in the last quarter. Quantum Capital Management LLC NJ raised its holdings in NVR by 60.3% in the 1st quarter. Quantum Capital Management LLC NJ now owns 10,537 shares of the construction company’s stock valued at $76,334,000 after acquiring an additional 3,965 shares during the last quarter. Candriam S.C.A. raised its holdings in NVR by 86.5% in the 1st quarter. Candriam S.C.A. now owns 317 shares of the construction company’s stock valued at $2,296,000 after acquiring an additional 147 shares during the last quarter. Finally, Algert Global LLC purchased a new position in NVR in the 1st quarter worth approximately $724,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 0.3%

NVR opened at $7,527.36 on Tuesday. The stock has a market capitalization of $21.37 billion, a PE ratio of 16.52, a P/E/G ratio of 9.94 and a beta of 0.93. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,256.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The business’s 50 day moving average price is $7,550.27 and its 200 day moving average price is $7,633.63.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the firm earned $130.50 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analyst Weigh In

NVR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. BTIG Research began coverage on NVR in a report on Monday. They issued a “buy” rating and a $9,022.00 target price for the company. Bank of America cut their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, UBS Group boosted their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8,530.50.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director owned 14 shares in the company, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 7.00% of the company’s stock.

NVR 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.