Public Employees Retirement System of Ohio Takes $6.34 Million Position in NVR, Inc. $NVR

Key Points

• Public Employees Retirement System of Ohio acquired 930 shares of NVR worth approximately $6.34 million in the second quarter. Institutional investors and hedge funds collectively own 83.67% of the company.
• NVR shares opened at $6,284.54, down 0.5%, and remain below their 52-week high of $8,618.28. The company reported quarterly revenue of $2.34 billion, down 10.5% year over year, while earnings exceeded expectations.
• Analyst sentiment is broadly neutral: three analysts rate NVR a Buy and four rate it Hold, producing a consensus rating of Hold and an average price target of $7,224.20.

Public Employees Retirement System of Ohio acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 930 shares of the construction company's stock, valued at approximately $6,336,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in shares of NVR during the 2nd quarter worth approximately $27,000. DV Equities LLC purchased a new position in NVR in the 4th quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in NVR during the fourth quarter worth $29,000. Trust Co. of Vermont acquired a new position in NVR during the second quarter worth $34,000. Finally, Global Retirement Partners LLC purchased a new stake in NVR during the second quarter worth $41,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVR

In other NVR news, Director George Oliver purchased 63 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company's stock, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research reports. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research report on Friday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7,224.20.

NVR Trading Down 0.5%

Shares of NVR opened at $6,284.54 on Wednesday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a market capitalization of $16.72 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 10.55 and a beta of 0.91. The stock has a fifty day moving average of $6,444.91 and a two-hundred day moving average of $6,528.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business's revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $108.54 earnings per share. As a group, analysts forecast that NVR, Inc. will post 367.13 EPS for the current year.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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