California Public Employees Retirement System Sells 529 Shares of NVR, Inc. (NYSE:NVR)

California Public Employees Retirement System trimmed its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,304 shares of the construction company's stock after selling 529 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of NVR worth $43,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NVR. EverSource Wealth Advisors LLC raised its stake in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after acquiring an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NVR during the 3rd quarter valued at about $49,000. Smartleaf Asset Management LLC raised its position in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares during the last quarter. Quantbot Technologies LP purchased a new stake in NVR in the 3rd quarter worth approximately $59,000. Finally, GAMMA Investing LLC grew its position in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 4.3 %

Shares of NVR traded up $303.39 on Friday, reaching $7,413.38. The stock had a trading volume of 41,775 shares, compared to its average volume of 21,940. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 12-month low of $6,918.00 and a 12-month high of $9,964.77. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The company has a 50-day simple moving average of $7,407.03 and a 200-day simple moving average of $8,427.09.

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NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group raised their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9,356.67.

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.