Kentucky Retirement Systems Lowers Position in NVR, Inc. (NYSE:NVR)

Kentucky Retirement Systems trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214 shares of the construction company’s stock after selling 22 shares during the quarter. Kentucky Retirement Systems’ holdings in NVR were worth $2,100,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NVR. International Assets Investment Management LLC raised its position in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares during the period. Marshfield Associates increased its position in shares of NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after buying an additional 96 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NVR by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after buying an additional 906 shares during the period. TD Asset Management Inc lifted its position in shares of NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after buying an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 1.7 %

NYSE NVR opened at $9,026.00 on Monday. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77. The stock has a market capitalization of $27.66 billion, a P/E ratio of 18.45, a PEG ratio of 1.94 and a beta of 1.20. The firm’s 50-day moving average is $9,444.50 and its two-hundred day moving average is $8,552.93. 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 earnings results 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). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business posted $125.26 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8,783.33.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 125 shares of the firm’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 of the company’s stock, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 775 shares of company stock valued at $7,294,073. Corporate 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.