NVR, Inc. (NYSE:NVR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in NVR, Inc. (NYSE:NVR) by 17.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,839 shares of the construction company’s stock after selling 600 shares during the period. New York State Common Retirement Fund’s holdings in NVR were worth $23,220,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in NVR by 15.5% in the fourth quarter. D.A. Davidson & CO. now owns 82 shares of the construction company’s stock valued at $671,000 after acquiring an additional 11 shares during the last quarter. Truist Financial Corp raised its position in NVR by 2.2% in the fourth quarter. Truist Financial Corp now owns 187 shares of the construction company’s stock valued at $1,529,000 after purchasing an additional 4 shares during the period. CIBC Asset Management Inc lifted its stake in shares of NVR by 3.7% in the 4th quarter. CIBC Asset Management Inc now owns 482 shares of the construction company’s stock valued at $3,942,000 after purchasing an additional 17 shares during the last quarter. Evergreen Wealth Management LLC grew its holdings in shares of NVR by 3.8% during the 4th quarter. Evergreen Wealth Management LLC now owns 110 shares of the construction company’s stock worth $899,000 after purchasing an additional 4 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after purchasing an additional 1,549 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Down 2.4 %

Shares of NYSE:NVR opened at $7,084.39 on Friday. The firm has a market capitalization of $21.18 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. NVR, Inc. has a 1 year low of $7,073.38 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm’s 50-day moving average is $7,959.67 and its two-hundred day moving average is $8,770.32.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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 predict that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Company 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.