NVR, Inc. $NVR Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of NVR, Inc. (NYSE:NVR) by 5.7% in the second quarter, HoldingsChannel reports. The firm owned 5,518 shares of the construction company’s stock after acquiring an additional 298 shares during the quarter. Teacher Retirement System of Texas’ holdings in NVR were worth $40,754,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in shares of NVR during the second quarter worth about $30,000. Olde Wealth Management LLC acquired a new position in NVR in the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NVR in the first quarter valued at approximately $36,000. Ridgewood Investments LLC lifted its holdings in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after acquiring an additional 3 shares during the period. Finally, SouthState Corp acquired a new position in NVR in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 0.1%

Shares of NVR opened at $7,436.72 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The stock has a 50 day moving average price of $8,008.47 and a 200 day moving average price of $7,605.78. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 10.04 and a beta of 0.94. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,527.85.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $130.50 EPS. Equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Transactions at NVR

In related news, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the transaction, the director directly owned 75 shares in the company, valued at $606,183. This trade represents a 72.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Bank of America decreased their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. UBS Group boosted their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8,366.67.

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.