NVR, Inc. (NYSE:NVR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,238 shares of the construction company's stock after selling 190 shares during the period. Public Employees Retirement System of Ohio's holdings in NVR were worth $12,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock worth $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Smead Capital Management Inc. boosted its position in NVR by 3.5% in the 3rd 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 period. Jennison Associates LLC bought a new position in NVR in the 3rd quarter worth about $348,545,000. Marshfield Associates increased its position in shares of NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company's stock worth $248,290,000 after acquiring an additional 96 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company's stock worth $221,595,000 after acquiring an additional 906 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 over the last quarter. Insiders own 7.00% of the company's stock.

NVR Stock Down 0.6 %

NYSE:NVR traded down $52.09 during trading hours on Thursday, reaching $8,796.60. The company's stock had a trading volume of 20,269 shares, compared to its average volume of 19,417. The stock has a 50 day moving average price of $9,285.41 and a two-hundred day moving average price of $8,730.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The company has a market capitalization of $26.95 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. NVR, Inc. has a 12 month low of $6,521.06 and a 12 month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $125.26 earnings per share. Equities analysts predict that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. 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 $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Bank of America cut their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.

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.