New York State Teachers Retirement System Has $18.41 Million Holdings in NVR, Inc. (NYSE:NVR)

New York State Teachers Retirement System lessened its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,251 shares of the construction company's stock after selling 107 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of NVR worth $18,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter worth approximately $39,000. Peak Financial Advisors LLC bought a new stake in shares of NVR during the 4th quarter worth approximately $1,235,000. JPMorgan Chase & Co. lifted its holdings in shares of NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock worth $136,580,000 after acquiring an additional 2,206 shares during the period. Intech Investment Management LLC bought a new stake in shares of NVR during the 3rd quarter worth approximately $9,341,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of NVR by 11.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock worth $24,667,000 after acquiring an additional 250 shares during the period. Institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's 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 value 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 represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.00% of the company's stock.

NVR Trading Up 1.0 %

NYSE NVR traded up $71.67 on Thursday, hitting $7,248.58. The company's stock had a trading volume of 19,898 shares, compared to its average volume of 27,397. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $7,073.38 and a 1-year high of $9,964.77. The company's 50-day moving average is $8,020.82 and its 200 day moving average is $8,789.32. The firm has a market cap of $21.67 billion, a PE ratio of 14.28, a PEG ratio of 2.36 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVR has been the subject of several research reports. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped 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 research note on Wednesday, January 29th. Finally, UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. 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, the company presently has an average rating of "Hold" and a consensus target price of $9,356.67.

About NVR

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.