Teacher Retirement System of Texas Raises Position in NVR, Inc. $NVR

Teacher Retirement System of Texas lifted its stake in NVR, Inc. (NYSE:NVR) by 10.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,461 shares of the construction company’s stock after acquiring an additional 533 shares during the quarter. Teacher Retirement System of Texas’ holdings in NVR were worth $39,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. M&T Bank Corp boosted its position in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares during the period. Davidson Kahn Capital Management LLC lifted its stake in shares of NVR by 1.9% in the fourth quarter. Davidson Kahn Capital Management LLC now owns 324 shares of the construction company’s stock worth $2,363,000 after acquiring an additional 6 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of NVR by 1,300.0% in the fourth quarter. Evergreen Capital Management LLC now owns 350 shares of the construction company’s stock worth $2,552,000 after acquiring an additional 325 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of NVR in the fourth quarter worth about $153,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of NVR in the fourth quarter worth about $948,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Key NVR News

Here are the key news stories impacting NVR this week:

• Positive Sentiment: Company reported positive net income of $198.4M (Q1 net income) and confirmed Q1 EPS of $67.76, showing continued profitability despite a tough quarter. NVR, INC. ANNOUNCES FIRST QUARTER RESULTS
• Neutral Sentiment: Bank of America adjusted its price target (lowered to $8,225), signaling analyst re?pricing but still a relatively elevated target vs. current levels. Bank of America Lowers NVR Price Target
• Neutral Sentiment: Analyst/market trackers show mixed positioning and a wide range of price targets and institutional moves — this is keeping trading choppy as investors weigh longer?term franchise value vs. near?term headwinds. NVR slides 4.9% after Q1 profit and revenue drop sharply
• Negative Sentiment: Q1 results missed consensus: EPS ($67.76) and revenue (~$1.83–1.91B reported vs. ~$2.09B est.) were well below expectations, driven by a ~22% decline in homebuilding revenue. NVR’s Q1 Earnings Miss Estimates
• Negative Sentiment: Settlements fell sharply (about 22% decline in homes settled), attributed to a smaller opening backlog and weaker mortgage activity — core demand/volume softness is the primary headwind to near?term revenue. NVR: Q1 Earnings Snapshot
• Negative Sentiment: Gross margin contracted (company cited pricing pressure and higher lot costs) and mortgage closed loan production fell materially — analysts flag a margin squeeze that pressures EPS until volumes/mix recover. How Investors Are Reacting To NVR Margin Squeeze
• Negative Sentiment: Market reaction: multiple outlets reported a sharp intraday share decline after the print and commentary that Zillow and other outlooks were dialing back expectations, adding to negative sentiment. NVR posts Q1 earnings miss as Zillow cuts forecast

Wall Street Analyst Weigh In

Several research firms recently commented on NVR. Truist Financial cut their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday. UBS Group cut their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7,649.33.

NVR Stock Performance

Shares of NVR stock opened at $6,659.67 on Friday. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $6,890.72 and a two-hundred day moving average of $7,298.73. NVR, Inc. has a 52 week low of $6,301.02 and a 52 week high of $8,618.28. The company has a market cap of $18.51 billion, a P/E ratio of 16.24, a PEG ratio of 2.98 and a beta of 1.07.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 31.82%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm earned $94.83 earnings per share. The business’s revenue was down 21.7% on a year-over-year basis. As a group, analysts anticipate that NVR, Inc. will post 402.87 EPS for the current year.

NVR announced that its board has authorized a share buyback plan on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. 8.60% of the stock is currently owned by insiders.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.