Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Position in NVR, Inc. (NYSE:NVR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in NVR, Inc. (NYSE:NVR) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 651 shares of the construction company’s stock after selling 19 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NVR were worth $5,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of NVR in the fourth quarter valued at $3,277,825,000. Corient Private Wealth LLC grew its position in shares of NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock valued at $73,512,000 after purchasing an additional 8,655 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of NVR in the fourth quarter valued at $37,942,000. Amundi grew its position in shares of NVR by 82.9% in the fourth quarter. Amundi now owns 9,131 shares of the construction company’s stock valued at $73,102,000 after purchasing an additional 4,139 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of NVR by 67.7% in the fourth quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock valued at $81,323,000 after purchasing an additional 4,015 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

NYSE:NVR opened at $7,181.22 on Friday. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The stock has a fifty day moving average of $7,606.71 and a 200 day moving average of $8,554.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR 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 sale, the director now 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

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

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.