Teacher Retirement System of Texas Acquires 4,015 Shares of NVR, Inc. (NYSE:NVR)

Teacher Retirement System of Texas boosted its stake in NVR, Inc. (NYSE:NVR) by 67.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,943 shares of the construction company’s stock after purchasing an additional 4,015 shares during the quarter. Teacher Retirement System of Texas’ holdings in NVR were worth $81,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares in the last quarter. Private Trust Co. NA increased its stake in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in NVR during the third quarter valued at about $49,000. Smartleaf Asset Management LLC lifted its stake in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after purchasing an additional 3 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in NVR during the third quarter worth about $59,000. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVR has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Trading Up 1.2 %

NYSE NVR opened at $7,268.08 on Thursday. The stock has a 50-day moving average of $7,633.72 and a 200-day moving average of $8,581.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The firm has a market cap of $21.73 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a share 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 reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

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.