Maryland State Retirement & Pension System Sells 17 Shares of NVR, Inc. (NYSE:NVR)

Maryland State Retirement & Pension System lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153 shares of the construction company’s stock after selling 17 shares during the period. Maryland State Retirement & Pension System’s holdings in NVR were worth $1,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Boston Partners raised its stake in shares of NVR by 3.2% during the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock valued at $424,066,000 after acquiring an additional 1,605 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in NVR during the fourth quarter valued at approximately $5,087,000. Freemont Management S.A. purchased a new position in NVR during the fourth quarter valued at approximately $2,454,000. Signaturefd LLC increased its holdings in NVR by 8.0% during the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company’s stock valued at $221,000 after buying an additional 2 shares during the period. Finally, Cibc World Markets Corp increased its holdings in NVR by 13.5% during the fourth quarter. Cibc World Markets Corp now owns 497 shares of the construction company’s stock valued at $4,065,000 after buying an additional 59 shares during the period. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of several research reports. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Price Performance

NYSE NVR opened at $7,181.22 on Friday. The firm’s fifty day simple moving average is $7,606.71 and its two-hundred day simple moving average is $8,554.95. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The firm has a market capitalization of $21.47 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last released its quarterly 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%. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

About NVR

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.