Kentucky Retirement Systems Insurance Trust Fund Invests $587,000 in NVR, Inc. (NYSE:NVR)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 81 shares of the construction company's stock, valued at approximately $587,000.

Several other institutional investors have also added to or reduced their stakes in NVR. Brighton Jones LLC lifted its position in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after acquiring an additional 31 shares in the last quarter. Truist Financial Corp lifted its position in NVR by 2.2% in the 4th quarter. Truist Financial Corp now owns 187 shares of the construction company's stock valued at $1,529,000 after acquiring an additional 4 shares in the last quarter. D.A. Davidson & CO. lifted its position in NVR by 15.5% in the 4th quarter. D.A. Davidson & CO. now owns 82 shares of the construction company's stock valued at $671,000 after acquiring an additional 11 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in NVR in the 4th quarter valued at $1,480,000. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in NVR in the 4th quarter valued at $949,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research reports. UBS Group cut their price objective on shares of 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. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Stock Up 1.6%

NVR stock traded up $114.63 during midday trading on Friday, hitting $7,395.07. The company's stock had a trading volume of 27,518 shares, compared to its average volume of 22,132. 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's fifty day moving average price is $7,165.51 and its 200 day moving average price is $7,476.03. The stock has a market capitalization of $21.59 billion, a P/E ratio of 15.22, a PEG 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 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 analyst estimates of $2.35 billion. As a group, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

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

About NVR

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.