Teacher Retirement System of Texas Increases Position in NVR, Inc. (NYSE:NVR)

Teacher Retirement System of Texas boosted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 67.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,943 shares of the construction company's stock after buying an additional 4,015 shares during the quarter. Teacher Retirement System of Texas owned 0.32% of NVR worth $81,323,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Peak Financial Advisors LLC purchased a new position in shares of NVR during the fourth quarter valued at approximately $1,235,000. JPMorgan Chase & Co. lifted its stake in shares of NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock worth $136,580,000 after purchasing an additional 2,206 shares during the period. Intech Investment Management LLC purchased a new position in shares of NVR in the third quarter worth approximately $9,341,000. Charles Schwab Investment Management Inc. grew its position in NVR by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after buying an additional 644 shares during the period. Finally, Markel Group Inc. increased its holdings in NVR by 0.9% during the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR traded up $158.60 during trading hours on Monday, reaching $7,343.39. 24,820 shares of the stock traded hands, compared to its average volume of 21,047. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.80 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company's 50-day moving average price is $7,606.71 and its two-hundred day moving average price is $8,550.75.

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NVR (NYSE:NVR - Get Free Report) last released its earnings results 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 return on equity of 39.67% and a net margin of 16.34%. On average, analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Analysts Set New Price Targets

NVR has been the subject of a number of recent research reports. UBS Group boosted 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 report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $9,356.67.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The stock was 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 owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.00% of the company's stock.

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.