Teacher Retirement System of Texas Sells 4,723 Shares of NVR, Inc. (NYSE:NVR)

Teacher Retirement System of Texas cut its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 47.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,220 shares of the construction company's stock after selling 4,723 shares during the quarter. Teacher Retirement System of Texas owned about 0.18% of NVR worth $37,816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management grew its stake in NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after acquiring an additional 11 shares during the last quarter. OLD Mission Capital LLC purchased a new position in shares of NVR during the 4th quarter worth about $1,701,000. Asset Management One Co. Ltd. raised its holdings in NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after buying an additional 63 shares during the period. GAMMA Investing LLC raised its holdings in NVR by 15.8% in the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after buying an additional 3 shares during the period. Finally, Markel Group Inc. raised its holdings in NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after buying an additional 110 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group decreased their price target 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. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Down 0.6%

NYSE:NVR traded down $47.69 on Monday, hitting $7,575.55. 21,589 shares of the company's stock traded hands, compared to its average volume of 22,242. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The firm has a 50-day moving average price of $7,224.38 and a 200-day moving average price of $7,435.10. The company has a market cap of $22.12 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 4.15 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 38.32% and a net margin of 15.33%. Equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors 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.