California Public Employees Retirement System Sells 529 Shares of NVR, Inc. (NYSE:NVR)

California Public Employees Retirement System lowered its stake in NVR, Inc. (NYSE:NVR) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,304 shares of the construction company’s stock after selling 529 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of NVR worth $43,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NVR. GAMMA Investing LLC increased its position in shares of NVR by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares during the last quarter. Crestmont Private Wealth LLC increased its holdings in NVR by 3.9% during the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after buying an additional 2 shares during the last quarter. Lakewood Asset Management LLC raised its position in NVR by 0.5% during the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after acquiring an additional 2 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in NVR by 5.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock valued at $294,000 after acquiring an additional 2 shares during the last quarter. Finally, Empirical Finance LLC grew its position in shares of NVR by 2.0% in the 4th quarter. Empirical Finance LLC now owns 103 shares of the construction company’s stock valued at $842,000 after acquiring an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

NVR Stock Up 1.2 %

Shares of NVR opened at $7,298.53 on Thursday. The firm’s 50-day simple moving average is $7,447.70 and its 200 day simple moving average is $8,450.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a market cap of $21.67 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating 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 forecast 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 buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NVR shares. 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 raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

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.