Retirement Systems of Alabama Sells 15 Shares of NVR, Inc. (NYSE:NVR)

Retirement Systems of Alabama lowered its holdings in NVR, Inc. (NYSE:NVR) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677 shares of the construction company’s stock after selling 15 shares during the quarter. Retirement Systems of Alabama’s holdings in NVR were worth $6,643,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its holdings in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in NVR in the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new stake in NVR in the third quarter valued at $39,000. Private Trust Co. NA raised its stake in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the third quarter valued at $49,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. The trade was a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 over the last 90 days. 7.00% of the stock is owned by company insiders.

NVR Trading Down 3.0 %

Shares of NYSE NVR opened at $8,217.15 on Thursday. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The company has a 50-day moving average of $9,182.15 and a two-hundred day moving average of $8,767.38. The company has a market cap of $25.14 billion, a PE ratio of 16.80, a P/E/G ratio of 1.84 and a beta of 1.18. 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) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $125.26 EPS. As a group, equities analysts expect that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR announced that its board has approved a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy 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 stock is undervalued.

Wall Street Analyst Weigh In

NVR has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. UBS Group raised their price objective 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. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $9,765.00.

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.