VIRGINIA RETIREMENT SYSTEMS ET Al Sells 90 Shares of NVR, Inc. $NVR

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in NVR, Inc. (NYSE:NVR) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,560 shares of the construction company’s stock after selling 90 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.23% of NVR worth $52,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new stake in NVR in the second quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in shares of NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares during the last quarter. Assetmark Inc. boosted its holdings in NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares in the last quarter. State of Wyoming bought a new stake in NVR in the second quarter worth $44,000. Finally, CYBER HORNET ETFs LLC acquired a new position in NVR during the second quarter worth $59,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 0.3%

Shares of NVR stock opened at $7,331.10 on Wednesday. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23. The firm has a market cap of $20.82 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 9.91 and a beta of 1.01. The stock has a 50 day moving average of $7,387.82 and a 200-day moving average of $7,676.99.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. NVR’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $130.50 earnings per share. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NVR shares. Bank of America reduced their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. BTIG Research initiated coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price for the company. UBS Group increased their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NVR currently has an average rating of “Moderate Buy” and a consensus target price of $8,530.50.

Insider Activity

In related news, Director Michael J. Devito acquired 14 shares of the business’s stock in a transaction dated 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 transaction, the director owned 14 shares of the company’s stock, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

About NVR

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.