New York State Teachers Retirement System Sells 107 Shares of NVR, Inc. (NYSE:NVR)

New York State Teachers Retirement System lessened its stake in NVR, Inc. (NYSE:NVR) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,251 shares of the construction company’s stock after selling 107 shares during the period. New York State Teachers Retirement System owned about 0.07% of NVR worth $18,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. bought a new position in NVR during the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in NVR during the 3rd quarter valued at approximately $39,000. Private Trust Co. NA raised its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in NVR during the 3rd quarter valued at approximately $49,000. Finally, Quantbot Technologies LP bought a new position in NVR during the 3rd quarter valued at approximately $59,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $7,359.53 on Monday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $22.52 billion, a P/E ratio of 14.50, a PEG ratio of 2.51 and a beta of 1.20. The stock’s 50 day moving average is $8,122.07 and its 200 day moving average is $8,818.45. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, equities research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVR shares. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group upped their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America reduced their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a 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. Based on data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

About NVR

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.