California State Teachers Retirement System Grows Holdings in NVR, Inc. $NVR

Key Points

• California State Teachers Retirement System reportedly increased its NVR stake by 730,998.7% to 26.7 million shares. The filing’s reported ownership and valuation figures appear inconsistent with NVR’s roughly $16.8 billion market capitalization.
• NVR opened at $6,306.62, below its 50-day and 200-day moving averages, while quarterly revenue fell 10.5% year over year to $2.34 billion. The company reported $83.96 in quarterly EPS, though the article’s figures appear potentially anomalous.
• Analyst sentiment remains mixed but leans toward Hold: three analysts rate NVR a Buy and four a Hold, with an average price target of $7,224.20.

California State Teachers Retirement System raised its stake in NVR, Inc. (NYSE:NVR - Free Report) by 730,998.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,728,968 shares of the construction company's stock after buying an additional 26,725,312 shares during the period. California State Teachers Retirement System owned about 1,004.85% of NVR worth $182,115,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVR. AG2R LA Mondiale Gestion D Actifs grew its position in NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company's stock worth $926,000 after acquiring an additional 2 shares in the last quarter. Ballentine Partners LLC raised its position in NVR by 4.9% during 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 in the last quarter. International Assets Investment Management LLC lifted its stake in NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company's stock worth $387,000 after purchasing an additional 2 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in NVR by 28.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company's stock worth $67,000 after purchasing an additional 2 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in shares of NVR by 4.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 49 shares of the construction company's stock worth $357,000 after purchasing an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NVR opened at $6,306.62 on Monday. The stock's 50 day simple moving average is $6,417.15 and its 200 day simple moving average is $6,499.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The firm has a market cap of $16.78 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 10.53 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business's revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $108.54 earnings per share. As a group, analysts predict that NVR, Inc. will post 367.13 earnings per share for the current year.

Analyst Ratings Changes

NVR has been the topic of several recent research reports. UBS Group reduced their price objective on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Bank of America dropped their target price on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Truist Financial reduced their price target on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings raised shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7,224.20.

Insider Activity at NVR

In other news, Director George Oliver purchased 63 shares of the business's stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.60% of the stock is currently owned by insiders.

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.

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