Municipal Employees Retirement System of Michigan decreased its stake in NVR, Inc. (NYSE:NVR) by 22.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,050 shares of the construction company’s stock after selling 300 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in NVR were worth $2,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. New York State Common Retirement Fund increased its position in NVR by 1.6% in the third quarter. New York State Common Retirement Fund now owns 12,810 shares of the construction company’s stock worth $36,573,000 after buying an additional 200 shares in the last quarter. Retirement Systems of Alabama increased its position in NVR by 2.6% in the third quarter. Retirement Systems of Alabama now owns 7,823 shares of the construction company’s stock worth $22,335,000 after buying an additional 200 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in NVR in the third quarter worth about $514,000. Sei Investments Co. increased its position in NVR by 272.9% in the third quarter. Sei Investments Co. now owns 880 shares of the construction company’s stock worth $2,514,000 after buying an additional 644 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in NVR by 241.9% in the third quarter. BNP Paribas Arbitrage SA now owns 6,109 shares of the construction company’s stock worth $17,441,000 after buying an additional 4,322 shares in the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.

NVR, Inc. (NVR) traded down $10.36 during midday trading on Monday, hitting $3,289.64. The stock had a trading volume of 18,700 shares, compared to its average volume of 28,033. The company has a market capitalization of $12,302.79, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 3.60. NVR, Inc. has a 1 year low of $1,510.00 and a 1 year high of $3,362.85.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, topping analysts’ consensus estimates of $35.77 by $2.25. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $28.46 earnings per share. sell-side analysts forecast that NVR, Inc. will post 146.44 earnings per share for the current fiscal year.

NVR has been the subject of a number of analyst reports. Zacks Investment Research upgraded NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price target for the company in a research report on Tuesday, October 24th. ValuEngine cut NVR from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Wells Fargo & Company restated a “market perform” rating on shares of NVR in a research report on Friday, October 20th. MKM Partners restated a “neutral” rating on shares of NVR in a research report on Tuesday, September 5th. Finally, UBS AG initiated coverage on NVR in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $3,450.00 price target for the company. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. NVR has an average rating of “Buy” and a consensus price target of $3,111.75.

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In related news, Director Eddie Arthur Grier sold 165 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the transaction, the director now directly owns 340 shares of the company’s stock, valued at $911,968.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William A. Moran sold 4,949 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $3,261.99, for a total value of $16,143,588.51. Following the transaction, the director now directly owns 26,085 shares of the company’s stock, valued at $85,089,009.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,765 shares of company stock valued at $18,538,434. Corporate insiders own 11.30% of the company’s stock.

NVR 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).

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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