State of Alaska Department of Revenue Sells 280 Shares of NVR, Inc. (NYSE:NVR)

State of Alaska Department of Revenue decreased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 824 shares of the construction company's stock after selling 280 shares during the period. State of Alaska Department of Revenue's holdings in NVR were worth $6,738,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new position in shares of NVR in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new position in NVR in the third quarter worth $39,000. Private Trust Co. NA boosted its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in NVR in the 3rd quarter valued at $49,000. Finally, Quantbot Technologies LP purchased a new stake in shares of NVR during the 3rd quarter valued at $59,000. Institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NVR shares. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, NVR has an average rating of "Hold" and a consensus target price of $9,356.67.

NVR Stock Performance

Shares of NYSE NVR traded down $34.47 during midday trading on Tuesday, hitting $7,483.53. The company's stock had a trading volume of 19,178 shares, compared to its average volume of 27,288. The stock has a fifty day moving average price of $8,221.46 and a 200 day moving average price of $8,845.75. The firm has a market capitalization of $22.90 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.51 and a beta of 1.20. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, research analysts forecast that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR declared that its board has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

NVR Company 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.