Public Employees Retirement Association of Colorado Purchases 22 Shares of NVR, Inc. (NVR)
Public Employees Retirement Association of Colorado boosted its position in NVR, Inc. (NYSE:NVR) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 686 shares of the construction company’s stock after purchasing an additional 22 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NVR were worth $2,407,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Palo Capital Inc. raised its stake in NVR by 6.1% in the 4th quarter. Palo Capital Inc. now owns 1,031 shares of the construction company’s stock valued at $3,617,000 after purchasing an additional 59 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in NVR by 37.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,510 shares of the construction company’s stock valued at $4,311,000 after buying an additional 410 shares in the last quarter. Macquarie Group Ltd. grew its holdings in NVR by 48.0% in the 3rd quarter. Macquarie Group Ltd. now owns 370 shares of the construction company’s stock valued at $1,057,000 after buying an additional 120 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in NVR by 14.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,290 shares of the construction company’s stock valued at $3,683,000 after buying an additional 165 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in NVR by 106.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 2,659 shares of the construction company’s stock valued at $7,591,000 after buying an additional 1,368 shares in the last quarter. 79.33% of the stock is owned by hedge funds and other institutional investors.
NVR has been the subject of several analyst reports. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $3,218.00 target price for the company in a report on Tuesday. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Wells Fargo & Co restated a “market perform” rating on shares of NVR in a report on Friday, October 20th. Finally, UBS Group upped their target price on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3,064.50.
NVR (NYSE:NVR) last issued its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $48.95 by ($5.54). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $2.01 billion. NVR had a net margin of 8.70% and a return on equity of 38.72%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $37.80 earnings per share. equities research analysts anticipate that NVR, Inc. will post 188.66 earnings per share for the current year.
NVR declared that its board has authorized a share repurchase program on Tuesday, December 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
In other news, Director Eddie Arthur Grier sold 400 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.30% of the company’s stock.
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NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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