New York State Common Retirement Fund Sells 75 Shares of NVR, Inc. (NYSE:NVR)

New York State Common Retirement Fund lowered its position in NVR, Inc. (NYSE:NVR) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,389 shares of the construction company’s stock after selling 75 shares during the quarter. New York State Common Retirement Fund’s holdings in NVR were worth $30,725,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVR. AE Wealth Management LLC lifted its stake in NVR by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after purchasing an additional 2 shares in the last quarter. Greenleaf Trust grew its stake in shares of NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after acquiring an additional 2 shares during the period. Castleview Partners LLC grew its stake in shares of NVR by 4.3% in the third quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock worth $429,000 after acquiring an additional 3 shares during the period. Brighton Jones LLC grew its position in NVR by 8.1% during the third quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock valued at $239,000 after buying an additional 3 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its position in NVR by 14.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company’s stock valued at $143,000 after buying an additional 3 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Down 0.9 %

Shares of NYSE:NVR opened at $7,725.00 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.90. The firm has a market capitalization of $24.72 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. The firm’s 50-day moving average is $7,736.86 and its two-hundred day moving average is $6,966.46. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $99.89 earnings per share. Analysts predict that NVR, Inc. will post 502.66 EPS for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now owns 13,209 shares in the company, valued at $95,802,631.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,751,450. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,981 shares of company stock valued at $59,155,947. 7.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NVR. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group increased their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday.

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.