State of New Jersey Common Pension Fund D Sells 54 Shares of NVR, Inc. (NYSE:NVR)

State of New Jersey Common Pension Fund D decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,080 shares of the construction company's stock after selling 54 shares during the period. State of New Jersey Common Pension Fund D's holdings in NVR were worth $8,833,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. IMS Capital Management raised its holdings in shares of NVR by 1.5% during the fourth quarter. IMS Capital Management now owns 277 shares of the construction company's stock worth $2,266,000 after acquiring an additional 4 shares in the last quarter. Marks Group Wealth Management Inc raised its holdings in NVR by 1.8% during the fourth quarter. Marks Group Wealth Management Inc now owns 567 shares of the construction company's stock valued at $4,637,000 after buying an additional 10 shares in the last quarter. Summit Trail Advisors LLC raised its stake in shares of NVR by 10.7% in the 4th quarter. Summit Trail Advisors LLC now owns 31 shares of the construction company's stock valued at $254,000 after acquiring an additional 3 shares in the last quarter. Equitable Trust Co. acquired a new stake in NVR in the 4th quarter worth approximately $213,000. Finally, Savant Capital LLC boosted its position in NVR by 1.6% during the fourth quarter. Savant Capital LLC now owns 375 shares of the construction company's stock worth $3,067,000 after purchasing an additional 6 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented 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. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9,356.67.

NVR Stock Performance

NVR stock traded down $173.61 on Friday, reaching $7,084.39. 34,580 shares of the company were exchanged, compared to its average volume of 27,608. The firm has a market capitalization of $21.18 billion, a PE ratio of 13.96, a PEG ratio of 2.33 and a beta of 1.20. NVR, Inc. has a 12 month low of $7,073.38 and a 12 month high of $9,964.77. The stock's fifty day moving average price is $7,989.86 and its 200 day moving average price is $8,778.62. 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 posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at NVR

In other 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 the SEC website. Corporate insiders own 7.00% of the company's stock.

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.