Illinois Municipal Retirement Fund Buys 516 Shares of NVR, Inc. (NYSE:NVR)

Illinois Municipal Retirement Fund lifted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 21.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,893 shares of the construction company's stock after acquiring an additional 516 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.10% of NVR worth $20,958,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC grew its position in shares of NVR by 350.0% during the 1st quarter. Golden State Wealth Management LLC now owns 9 shares of the construction company's stock worth $65,000 after purchasing an additional 7 shares in the last quarter. Spire Wealth Management boosted its stake in shares of NVR by 21.2% in the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after buying an additional 11 shares during the period. International Assets Investment Management LLC boosted its stake in shares of NVR by 55.6% in the first quarter. International Assets Investment Management LLC now owns 56 shares of the construction company's stock valued at $406,000 after buying an additional 20 shares during the period. Davidson Kahn Capital Management LLC grew its position in NVR by 55.7% during the first quarter. Davidson Kahn Capital Management LLC now owns 285 shares of the construction company's stock worth $2,065,000 after buying an additional 102 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after acquiring an additional 63 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVR has been the topic of several analyst reports. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. UBS Group cut their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

NVR Price Performance

NVR traded up $114.63 during trading on Friday, hitting $7,395.07. 27,518 shares of the stock traded hands, compared to its average volume of 22,134. The business has a 50 day moving average price of $7,161.38 and a 200 day moving average price of $7,495.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 3.92 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 the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 15.33% and a return on equity of 38.32%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. Equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management 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.