New York State Teachers Retirement System Sells 125 Shares of NVR, Inc. $NVR

Key Points

• The New York State Teachers Retirement System reduced its holdings in NVR, Inc. by 5.5%, selling 125 shares and maintaining a total of 2,146 shares valued at approximately $15.85 million.
• NVR's latest earnings report showed an EPS of $108.54, exceeding analysts' estimates, though revenue fell by 0.5% compared to the previous year.
• Insider selling included significant transactions by both a director and the CAO, with total shares sold in the last quarter amounting to 975 shares for a total value of nearly $7.87 million.

New York State Teachers Retirement System cut its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,146 shares of the construction company's stock after selling 125 shares during the period. New York State Teachers Retirement System owned about 0.07% of NVR worth $15,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in shares of NVR during the second quarter worth $30,000. Olde Wealth Management LLC acquired a new position in shares of NVR during the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR during the first quarter worth $36,000. Ridgewood Investments LLC increased its holdings in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after buying an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new position in shares of NVR during the first quarter worth $36,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

NYSE NVR opened at $7,650.93 on Friday. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 10.62 and a beta of 0.94. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The stock has a fifty day simple moving average of $8,066.86 and a 200 day simple moving average of $7,576.61. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $120.69 earnings per share. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group upped their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America decreased their price objective on NVR from $9,100.00 to $9,000.00 and set a "buy" rating for the company in a report on Friday, October 10th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $8,250.00.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by insiders.

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.

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