New York State Common Retirement Fund Reduces Holdings in NVR, Inc. (NYSE:NVR)

New York State Common Retirement Fund lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,839 shares of the construction company's stock after selling 600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of NVR worth $23,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NVR. Principal Financial Group Inc. raised its position in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares during the last quarter. Jennison Associates LLC increased its stake in NVR by 5.7% in the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company's stock valued at $307,118,000 after purchasing an additional 2,027 shares during the period. Smead Capital Management Inc. raised its holdings in shares of NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company's stock valued at $355,365,000 after buying an additional 1,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NVR by 8.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company's stock valued at $267,686,000 after buying an additional 2,045 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of NVR by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company's stock worth $163,877,000 after buying an additional 170 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have commented on NVR shares. JPMorgan Chase & Co. reduced their price objective on 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. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. UBS Group increased their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $9,356.67.

NVR Stock Performance

NYSE NVR traded up $265.58 on Tuesday, hitting $7,327.60. 25,914 shares of the company's stock were exchanged, compared to its average volume of 27,434. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.39 and a beta of 1.20. The firm's 50-day moving average price is $7,907.73 and its two-hundred day moving average price is $8,759.70. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction dated 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 sale, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.00% of the company's stock.

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.