New York State Common Retirement Fund Has $33.74 Million Stock Position in NVR, Inc. (NYSE:NVR)

New York State Common Retirement Fund cut its position in NVR, Inc. (NYSE:NVR) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,439 shares of the construction company’s stock after selling 800 shares during the period. New York State Common Retirement Fund’s holdings in NVR were worth $33,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. bought a new stake in shares of NVR during the first quarter valued at approximately $202,000. Retirement Systems of Alabama raised its holdings in NVR by 0.4% during the first quarter. Retirement Systems of Alabama now owns 705 shares of the construction company’s stock worth $5,710,000 after buying an additional 3 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in NVR by 13.5% during the first quarter. BNP Paribas Financial Markets now owns 3,836 shares of the construction company’s stock worth $31,071,000 after buying an additional 455 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of NVR by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 943 shares of the construction company’s stock valued at $7,638,000 after buying an additional 26 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of NVR during the first quarter valued at about $486,000. 83.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVR shares. UBS Group upped their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Bank of America dropped their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd.

NVR Stock Performance

Shares of NVR stock opened at $9,139.39 on Friday. NVR, Inc. has a one year low of $5,600.56 and a one year high of $9,964.77. The company has a market cap of $28.15 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.95 and a beta of 1.20. The firm has a 50-day moving average of $9,420.22 and a 200-day moving average of $8,432.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $125.26 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the company’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 transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

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.