California State Teachers Retirement System Lowers Holdings in NVR, Inc. (NYSE:NVR)

California State Teachers Retirement System reduced its position in shares of NVR, Inc. (NYSE:NVR) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,528 shares of the construction company’s stock after selling 469 shares during the quarter. California State Teachers Retirement System owned about 0.15% of NVR worth $15,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. Prudential Financial Inc. boosted its position in NVR by 16.0% during the 2nd quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after acquiring an additional 5,580 shares in the last quarter. Birinyi Associates Inc. bought a new stake in NVR during the 2nd quarter valued at $1,005,000. Pictet Asset Management Ltd. boosted its position in NVR by 37.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,510 shares of the construction company’s stock valued at $4,311,000 after acquiring an additional 410 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in NVR by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,434 shares of the construction company’s stock valued at $102,292,000 after acquiring an additional 683 shares in the last quarter. Finally, Andra AP fonden bought a new stake in NVR during the 2nd quarter valued at $4,797,000. Institutional investors own 78.30% of the company’s stock.

In other news, Director William A. Moran sold 4,949 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $3,261.99, for a total value of $16,143,588.51. Following the completion of the sale, the director now owns 26,085 shares of the company’s stock, valued at approximately $85,089,009.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy M. Donahue sold 326 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $3,266.87, for a total value of $1,064,999.62. Following the completion of the sale, the director now directly owns 844 shares of the company’s stock, valued at approximately $2,757,238.28. The disclosure for this sale can be found here. 11.30% of the stock is owned by company insiders.

NVR, Inc. (NYSE NVR) traded up $7.34 during trading on Friday, hitting $3,558.23. The stock had a trading volume of 41,283 shares, compared to its average volume of 30,588. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.60 and a quick ratio of 1.44. The firm has a market cap of $13,310.00, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. NVR, Inc. has a 52-week low of $1,661.54 and a 52-week high of $3,677.10.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $35.77 by $2.25. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.71 billion. NVR had a return on equity of 38.23% and a net margin of 9.22%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $28.46 EPS. equities research analysts forecast that NVR, Inc. will post 147.66 EPS for the current year.

NVR announced that its Board of Directors has approved a share buyback program on Tuesday, December 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

NVR has been the topic of several recent research reports. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. ValuEngine cut NVR from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. UBS Group initiated coverage on NVR in a research report on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 target price on the stock. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3,111.75.

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NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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