VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $49.12 Million Investment in NVR, Inc. $NVR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in NVR, Inc. (NYSE:NVR) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 6,650 shares of the construction company’s stock, valued at approximately $49,115,000.

A number of other large investors have also made changes to their positions in the stock. Ballentine Partners LLC boosted its stake in shares of NVR by 6.7% during the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company’s stock worth $232,000 after purchasing an additional 2 shares during the last quarter. Baird Financial Group Inc. grew its position in NVR by 4.2% during the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock valued at $362,000 after acquiring an additional 2 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in NVR by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock worth $2,796,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of NVR by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after acquiring an additional 2 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of NVR by 4.2% in the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock valued at $369,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Up 0.6%

Shares of NYSE:NVR opened at $7,650.93 on Friday. The company has a 50 day moving average of $8,066.86 and a 200-day moving average of $7,576.61. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm has a market cap of $21.96 billion, a P/E ratio of 16.15, a P/E/G ratio of 10.62 and a beta of 0.94. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping the consensus estimate of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $120.69 earnings per share. As a group, analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Activity

In other NVR news, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director owned 75 shares of the company’s stock, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 975 shares of company stock worth $7,869,360. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVR. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, Bank of America decreased their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8,250.00.

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.