California State Teachers Retirement System Has $26.73 Million Stock Position in NVR, Inc. $NVR

California State Teachers Retirement System increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,923 shares of the construction company's stock after purchasing an additional 267 shares during the period. California State Teachers Retirement System owned approximately 0.15% of NVR worth $26,728,968 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in NVR during the 2nd quarter worth approximately $2,004,324,000. Capital Research Global Investors increased its holdings in shares of NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company's stock worth $973,979,000 after purchasing an additional 551 shares in the last quarter. Corient Private Wealth LLC increased its stake in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock worth $332,346,000 after buying an additional 36,592 shares in the last quarter. Norges Bank purchased a new position in NVR during the 4th quarter valued at $311,496,000. Finally, Capital World Investors grew its stake in NVR by 0.3% during the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company's stock worth $296,838,000 after buying an additional 127 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Performance

NVR stock traded down $0.90 during trading on Tuesday, hitting $6,298.66. The company had a trading volume of 13,361 shares, compared to its average volume of 29,230. The firm has a market cap of $16.75 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 10.30 and a beta of 0.91. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,429.99. The firm has a 50-day moving average price of $6,353.12 and a 200-day moving average price of $6,444.48.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.NVR's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $108.54 earnings per share. On average, analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Insider Activity at NVR

In other news, Director George Oliver acquired 63 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director owned 63 shares of the company's stock, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVR. BTIG Research set a $7,446.00 price objective on shares of NVR in a research report on Friday, July 24th. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. UBS Group decreased their price target on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Finally, Truist Financial decreased their price target on 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, NVR presently has a consensus rating of "Hold" and a consensus price target of $7,224.20.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.

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