California State Teachers Retirement System Lowers Holdings in NVR, Inc. (NYSE:NVR)

California State Teachers Retirement System decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,067 shares of the construction company's stock after selling 711 shares during the period. California State Teachers Retirement System owned 0.14% of NVR worth $33,264,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NVR. Brighton Jones LLC raised its stake in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after buying an additional 31 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of NVR by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock worth $294,000 after purchasing an additional 2 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of NVR by 6.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 47 shares of the construction company's stock worth $384,000 after purchasing an additional 3 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of NVR during the fourth quarter worth $234,000. Finally, Fulton Breakefield Broenniman LLC increased its position in shares of NVR by 12.0% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 28 shares of the construction company's stock worth $229,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NVR stock traded up $7.86 during midday trading on Friday, reaching $7,105.50. The stock had a trading volume of 35,620 shares, compared to its average volume of 22,198. The stock has a market cap of $20.78 billion, a PE ratio of 14.00, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a fifty day simple moving average of $7,145.84 and a two-hundred day simple moving average of $7,745.70. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has initiated a share repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVR. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. UBS Group reduced their price target on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Company 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.