New York State Teachers Retirement System Sells 107 Shares of NVR, Inc. (NYSE:NVR)

New York State Teachers Retirement System trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,251 shares of the construction company’s stock after selling 107 shares during the quarter. New York State Teachers Retirement System’s holdings in NVR were worth $18,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new position in shares of NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA lifted its holdings in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the 3rd quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new position in shares of NVR during the 3rd quarter valued at $59,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVR. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Trading Up 0.2 %

Shares of NVR stock opened at $7,359.53 on Monday. NVR, Inc. has a 52-week low of $7,227.09 and a 52-week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market capitalization of $22.52 billion, a PE ratio of 14.50, a PEG ratio of 2.51 and a beta of 1.20. The stock has a fifty day simple moving average of $8,122.07 and a two-hundred day simple moving average of $8,818.45.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, analysts predict that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

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.