Treasurer of the State of North Carolina Has $10.35 Million Position in NVR, Inc. (NYSE:NVR)

Treasurer of the State of North Carolina raised its stake in shares of NVR, Inc. (NYSE:NVR) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,266 shares of the construction company’s stock after purchasing an additional 12 shares during the quarter. Treasurer of the State of North Carolina’s holdings in NVR were worth $10,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NVR. Proficio Capital Partners LLC acquired a new position in NVR in the 4th quarter valued at $3,277,825,000. Vanguard Group Inc. grew its position in shares of NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after purchasing an additional 1,147 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of NVR by 3.0% in the fourth 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 period. Boston Partners lifted its position in shares of NVR by 3.2% during the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after purchasing an additional 1,605 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in NVR by 9.3% during the 4th quarter. Invesco Ltd. now owns 38,549 shares of the construction company’s stock valued at $315,288,000 after purchasing an additional 3,268 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is owned by company insiders.

NVR Price Performance

Shares of NYSE:NVR opened at $7,208.31 on Friday. The firm has a market capitalization of $21.40 billion, a PE ratio of 14.20, a PEG ratio of 2.39 and a beta of 1.07. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The business’s 50 day moving average is $7,262.85 and its 200-day moving average is $8,301.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on NVR. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.