NVR, Inc. $NVR Stock Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,501 shares of the construction company’s stock after acquiring an additional 196 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.09% of NVR worth $15,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC bought a new position in shares of NVR in the second quarter worth approximately $27,000. Activest Wealth Management purchased a new stake in NVR in the third quarter valued at approximately $25,000. Trust Co. of Vermont bought a new stake in NVR during the second quarter valued at approximately $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR during the second quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC bought a new stake in NVR during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR opened at $5,899.54 on Thursday. The company has a current ratio of 5.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $15.63 billion, a P/E ratio of 16.27 and a beta of 0.93. The stock has a 50-day moving average price of $6,094.04 and a 200-day moving average price of $6,499.79. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,200.00.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 earnings per share for the quarter, missing analysts’ consensus estimates of $102.77 by ($13.32). The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.57 billion. NVR had a net margin of 11.51% and a return on equity of 29.53%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $112.33 earnings per share. Equities analysts predict that NVR, Inc. will post 345.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVR. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, November 3rd. Bank of America cut shares of NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 price objective on the stock. in a research report on Friday, October 23rd. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a report on Monday, September 21st. Finally, Morgan Stanley dropped their price objective on shares of NVR from $5,058.00 to $4,864.00 and set an “underweight” rating for the company in a report on Tuesday, November 3rd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, NVR has a consensus rating of “Reduce” and a consensus price target of $6,564.83.

About NVR

NVR, Inc. is a homebuilding and mortgage banking company. Through its homebuilding operations, it designs and constructs single-family homes and townhomes for buyers across a range of price points. The company markets homes under the Ryan Homes, NVHomes and Heartland Homes brands. Its homebuilding business serves communities in multiple regions of the United States, including the Mid-Atlantic, Northeast, Southeast and Midwest. NVR also provides mortgage banking and related services to homebuyers through its mortgage operations.