Illinois Municipal Retirement Fund trimmed its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,377 shares of the construction company's stock after selling 73 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.08% of NVR worth $19,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR in the third quarter worth about $39,000. Private Trust Co. NA increased its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares during the period. Wilmington Savings Fund Society FSB bought a new position in NVR during the 3rd quarter valued at approximately $49,000. Finally, Quantbot Technologies LP purchased a new stake in NVR in the 3rd quarter worth approximately $59,000. Institutional investors own 83.67% of the company's stock.
Wall Street Analysts Forecast Growth
NVR has been the topic of several research analyst reports. UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NVR currently has a consensus rating of "Hold" and a consensus target price of $9,356.67.
Check Out Our Latest Stock Report on NVR
Insider Activity
In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.00% of the company's stock.
NVR Stock Performance
NVR stock traded up $46.06 during trading on Friday, reaching $7,228.01. The company had a trading volume of 38,773 shares, compared to its average volume of 27,686. The firm's 50-day simple moving average is $7,868.87 and its 200 day simple moving average is $8,737.87. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.
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 for the quarter, beating 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 forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.
NVR announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
NVR Profile
(
Free Report)
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.
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