Public Employees Retirement System of Ohio Has $11.83 Million Position in NVR, Inc. (NYSE:NVR)

Public Employees Retirement System of Ohio reduced its position in shares of NVR, Inc. (NYSE:NVR) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,461 shares of the construction company’s stock after selling 163 shares during the period. Public Employees Retirement System of Ohio’s holdings in NVR were worth $11,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Greenleaf Trust raised its holdings in shares of NVR by 4.9% during the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after buying an additional 2 shares in the last quarter. PYA Waltman Capital LLC lifted its position in shares of NVR by 0.5% during the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after acquiring an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in NVR by 0.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock worth $2,135,000 after acquiring an additional 2 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in NVR by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock valued at $1,498,000 after purchasing an additional 2 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in NVR by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 267 shares of the construction company’s stock valued at $2,162,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group boosted their target price on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th.

Insider Transactions at NVR

In related news, Director William Grady Rosier sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the transaction, the director now owns 1,701 shares in the company, valued at $13,039,236.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Paul C. Saville sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the transaction, the chairman now owns 106,860 shares in the company, valued at $819,661,081.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the sale, the director now directly owns 1,701 shares in the company, valued at approximately $13,039,236.63. The disclosure for this sale can be found here. Insiders have sold 1,400 shares of company stock worth $11,017,493 in the last 90 days. Insiders own 7.00% of the company’s stock.

NVR Stock Down 0.1 %

NVR stock traded down $5.21 during mid-day trading on Monday, reaching $8,595.39. 13,328 shares of the company traded hands, compared to its average volume of 19,486. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,695.00. The firm’s 50 day moving average price is $7,743.57 and its 200 day moving average price is $7,633.70.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. As a group, equities research analysts predict that NVR, Inc. will post 499.77 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 7th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

NVR Profile

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.