NVR, Inc. (NYSE:NVR) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153 shares of the construction company’s stock after selling 17 shares during the period. Maryland State Retirement & Pension System’s holdings in NVR were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. Proficio Capital Partners LLC acquired a new position in NVR during the fourth quarter valued at $3,277,825,000. Corient Private Wealth LLC lifted its position in NVR by 2,599.1% during 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 during the period. Raymond James Financial Inc. acquired a new position in NVR during the fourth quarter valued at $37,942,000. Amundi lifted its position in NVR by 82.9% during 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 during the period. Finally, SG Americas Securities LLC lifted its position in NVR by 6,012.1% during the fourth quarter. SG Americas Securities LLC now owns 3,545 shares of the construction company’s stock valued at $28,994,000 after purchasing an additional 3,487 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the company’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 represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

NVR Trading Down 1.5 %

Shares of NVR stock opened at $7,181.22 on Friday. The firm has a 50-day simple moving average of $7,606.71 and a two-hundred day simple moving average of $8,554.95. The company has a market cap of $21.47 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. 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 released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report 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. Based on data from MarketBeat.com, NVR currently has an average 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.