California Public Employees Retirement System Has $42.58 Million Stake in NVR, Inc. (NYSE:NVR)

California Public Employees Retirement System trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,082 shares of the construction company’s stock after selling 226 shares during the quarter. California Public Employees Retirement System’s holdings in NVR were worth $42,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NVR. Vanguard Group Inc. lifted its holdings in NVR by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after purchasing an additional 237,977 shares during the last quarter. Invesco Ltd. lifted its holdings in NVR by 11.2% in the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after purchasing an additional 4,468 shares during the last quarter. Smead Capital Management Inc. lifted its holdings in NVR by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after purchasing an additional 277 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in NVR by 11.4% in the 3rd quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock worth $229,694,000 after purchasing an additional 3,943 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Down 1.0 %

Shares of NVR stock opened at $7,647.04 on Friday. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The firm has a market cap of $24.47 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 3.21 and a beta of 1.13. The stock has a 50 day moving average of $7,741.99 and a 200-day moving average of $6,976.75. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $99.89 earnings per share. On average, equities analysts predict that NVR, Inc. will post 494.66 EPS for the current year.

NVR declared that its board has approved a share repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVR news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the transaction, the director now owns 405 shares of the company’s stock, valued at $2,974,700.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,981 shares of company stock worth $59,155,947. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday.

NVR Company 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.