Public Employees Retirement System of Ohio Reduces Holdings in NVR, Inc. (NYSE:NVR)

Public Employees Retirement System of Ohio reduced its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,129 shares of the construction company's stock after selling 109 shares during the period. Public Employees Retirement System of Ohio's holdings in NVR were worth $9,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in NVR by 5.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock valued at $294,000 after purchasing an additional 2 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of NVR by 2.0% in the fourth quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock worth $842,000 after buying an additional 2 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in NVR by 7.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company's stock worth $229,000 after acquiring an additional 2 shares during the period. Sequoia Financial Advisors LLC raised its position in NVR by 4.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock valued at $384,000 after acquiring an additional 2 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in NVR by 8.0% in the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company's stock valued at $221,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. 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 report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $9,023.33.

NVR Price Performance

Shares of NVR stock traded up $7.86 on Friday, reaching $7,105.50. The company's stock had a trading volume of 35,620 shares, compared to its average volume of 22,113. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $20.78 billion, a P/E ratio of 14.00, a PEG ratio of 2.39 and a beta of 1.02. The stock has a 50-day moving average price of $7,145.84 and a 200-day moving average price of $7,736.25. 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 released 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). The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. Analysts expect 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 authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.