NVR, Inc. (NYSE:NVR) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 21.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,893 shares of the construction company's stock after buying an additional 516 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.10% of NVR worth $20,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after purchasing an additional 31 shares during the period. Truist Financial Corp increased its holdings in shares of NVR by 2.2% during the 4th quarter. Truist Financial Corp now owns 187 shares of the construction company's stock valued at $1,529,000 after purchasing an additional 4 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of NVR by 2.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,324 shares of the construction company's stock worth $10,829,000 after acquiring an additional 27 shares in the last quarter. Sprott Inc. grew its position in shares of NVR by 27.3% during the 4th quarter. Sprott Inc. now owns 42 shares of the construction company's stock valued at $344,000 after acquiring an additional 9 shares during the period. Finally, Stegent Equity Advisors Inc. increased its stake in shares of NVR by 13.8% in the 4th quarter. Stegent Equity Advisors Inc. now owns 33 shares of the construction company's stock valued at $270,000 after purchasing an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on NVR shares. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a report on Monday. UBS Group dropped their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Price Performance

NYSE:NVR traded up $22.49 during trading hours on Monday, hitting $7,398.00. 11,743 shares of the stock were exchanged, compared to its average volume of 24,340. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The firm's fifty day moving average price is $7,165.51 and its 200 day moving average price is $7,466.79. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. The company has a market cap of $21.63 billion, a P/E ratio of 15.22, a P/E/G ratio of 4.01 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly 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). NVR had a return on equity of 38.32% and a net margin of 15.33%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a share buyback program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are 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.