Teachers Retirement System of The State of Kentucky Lowers Holdings in NVR, Inc. $NVR

Teachers Retirement System of The State of Kentucky reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 84.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254 shares of the construction company’s stock after selling 1,340 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NVR were worth $2,041,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Boston Partners increased its position in NVR by 9.9% during the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after purchasing an additional 5,875 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of NVR by 4.0% during the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock worth $484,546,000 after purchasing an additional 2,331 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of NVR by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock worth $348,051,000 after buying an additional 1,718 shares during the period. Invesco Ltd. grew its stake in shares of NVR by 7.5% in the second quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock valued at $278,203,000 after buying an additional 2,629 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of NVR during the 2nd quarter valued at about $268,447,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction 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 $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at $3,088,000. This trade represents a 36.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 in the last quarter. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of analyst reports. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a report on Thursday, January 29th. Truist Financial assumed coverage on shares of NVR in a research note on Wednesday. They issued a “hold” rating and a $7,700.00 target price for the company. BTIG Research initiated coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $8,182.83.

NVR Price Performance

NYSE NVR opened at $7,075.99 on Friday. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The company has a 50-day moving average price of $7,560.62 and a two-hundred day moving average price of $7,664.44.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.NVR’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $139.93 EPS. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

NVR Company Profile

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.