Teacher Retirement System of Texas Sells 590 Shares of NVR, Inc. $NVR

Teacher Retirement System of Texas lessened its holdings in NVR, Inc. (NYSE:NVR) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,928 shares of the construction company’s stock after selling 590 shares during the period. Teacher Retirement System of Texas owned approximately 0.17% of NVR worth $39,595,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners raised its holdings in shares of NVR by 9.9% in the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after buying an additional 5,875 shares in the last quarter. Invesco Ltd. boosted its stake in NVR by 7.5% in the 2nd quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock valued at $278,203,000 after buying an additional 2,629 shares in the last quarter. Norges Bank acquired a new stake in NVR in the 2nd quarter valued at $268,447,000. First Trust Advisors LP grew its position in NVR by 3.7% in the second quarter. First Trust Advisors LP now owns 25,017 shares of the construction company’s stock valued at $184,768,000 after acquiring an additional 894 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in NVR by 0.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 21,607 shares of the construction company’s stock worth $159,582,000 after acquiring an additional 132 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVR has been the topic of several recent analyst reports. Bank of America reduced their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. BTIG Research initiated coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target for the company. UBS Group reduced their price target on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $8,443.00.

NVR Stock Performance

NVR stock opened at $7,658.17 on Friday. The stock has a 50-day simple moving average of $7,448.47 and a 200 day simple moving average of $7,691.00. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 10.71 and a beta of 1.01. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company posted $130.50 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Activity at NVR

In related news, Director Michael J. Devito purchased 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the acquisition, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by company insiders.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.