NVR, Inc. $NVR Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in shares of NVR, Inc. (NYSE:NVR) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,845 shares of the construction company’s stock after acquiring an additional 511 shares during the quarter. California Public Employees Retirement System’s holdings in NVR were worth $38,518,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NVR. Castleview Partners LLC raised its holdings in NVR by 2.8% in the 4th quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock worth $540,000 after purchasing an additional 2 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after purchasing an additional 2 shares in the last quarter. International Assets Investment Management LLC grew its holdings in NVR by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after purchasing an additional 2 shares during the period. Ballentine Partners LLC grew its holdings in NVR by 4.9% in the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after purchasing an additional 2 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs increased its position in shares of NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Down 0.5%

Shares of NVR opened at $6,455.14 on Tuesday. The stock has a 50 day moving average price of $6,319.68 and a 200 day moving average price of $6,810.56. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the business posted $94.83 EPS. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the purchase, the director owned 25 shares in the company, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. BTIG Research reissued a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Truist Financial reduced their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7,478.50.

NVR Company 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.