Retirement Systems of Alabama Sells 22 Shares of NVR, Inc. (NYSE:NVR)

Retirement Systems of Alabama reduced its stake in NVR, Inc. (NYSE:NVR) by 3.3% in the 1st quarter, HoldingsChannel reports. The firm owned 642 shares of the construction company’s stock after selling 22 shares during the quarter. Retirement Systems of Alabama’s holdings in NVR were worth $4,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in NVR in the fourth quarter valued at $3,277,825,000. Vanguard Group Inc. increased its stake in NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after purchasing an additional 1,147 shares in the last quarter. GAMMA Investing LLC increased its stake in NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock valued at $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Capital Research Global Investors increased its stake in NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock valued at $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its stake in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after purchasing an additional 57,236 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on NVR shares. UBS Group decreased their price target on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Sunday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9,023.33.

NVR Stock Down 0.8%

Shares of NYSE NVR opened at $7,283.39 on Wednesday. The stock has a market capitalization of $21.27 billion, a P/E ratio of 14.99, a P/E/G ratio of 3.99 and a beta of 0.99. The company has a 50-day moving average price of $7,156.89 and a 200-day moving average price of $7,510.39. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.