NVR, Inc. $NVR Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of NVR, Inc. (NYSE:NVR) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,501 shares of the construction company’s stock after purchasing an additional 196 shares during the period. Illinois Municipal Retirement Fund’s holdings in NVR were worth $15,392,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NVR. Lido Advisors LLC grew its holdings in NVR by 37.8% in the third quarter. Lido Advisors LLC now owns 164 shares of the construction company’s stock worth $1,014,000 after purchasing an additional 45 shares during the period. Keybank National Association OH lifted its holdings in shares of NVR by 6.2% during the third quarter. Keybank National Association OH now owns 68 shares of the construction company’s stock valued at $418,000 after purchasing an additional 4 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in shares of NVR by 57.9% during the third quarter. AlphaCore Capital LLC now owns 120 shares of the construction company’s stock valued at $739,000 after purchasing an additional 44 shares during the last quarter. Fulcrum Asset Management LLP lifted its holdings in shares of NVR by 434.4% during the third quarter. Fulcrum Asset Management LLP now owns 171 shares of the construction company’s stock valued at $1,066,000 after purchasing an additional 139 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of NVR by 8.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 121 shares of the construction company’s stock worth $741,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $5,899.54 on Thursday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,200.00. The company’s 50-day moving average is $6,094.04 and its 200 day moving average is $6,499.79. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 16.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 5.07.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $102.77 by ($13.32). The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.57 billion. NVR had a return on equity of 29.53% and a net margin of 11.51%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $112.33 earnings per share. Sell-side analysts expect that NVR, Inc. will post 345.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on NVR shares. Truist Financial cut their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. UBS Group lifted their price objective on NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. BTIG Research reiterated a “buy” rating on shares of NVR in a research note on Friday, October 23rd. Bank of America downgraded NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 target price on the stock. in a report on Friday, October 23rd. Finally, Wall Street Zen cut NVR from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $6,564.83.

NVR Profile

NVR, Inc. is a homebuilding and mortgage banking company. Through its homebuilding operations, it designs and constructs single-family homes and townhomes for buyers across a range of price points. The company markets homes under the Ryan Homes, NVHomes and Heartland Homes brands. Its homebuilding business serves communities in multiple regions of the United States, including the Mid-Atlantic, Northeast, Southeast and Midwest. NVR also provides mortgage banking and related services to homebuyers through its mortgage operations.