Teachers Retirement System of The State of Kentucky Sells 1,700 Shares of NVR, Inc. (NYSE:NVR)

Teachers Retirement System of The State of Kentucky cut its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 51.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,584 shares of the construction company's stock after selling 1,700 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of NVR worth $11,474,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in NVR by 11.1% during the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock valued at $164,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after buying an additional 2 shares during the last quarter. Peak Financial Advisors LLC lifted its position in NVR by 1.3% during the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after buying an additional 2 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in NVR by 0.6% during the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after acquiring an additional 2 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in NVR by 6.9% in the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR stock opened at $7,427.78 on Monday. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. The stock has a market capitalization of $21.69 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 4.04 and a beta of 0.99. The firm has a fifty day moving average of $7,299.58 and a two-hundred day moving average of $7,393.24.

NVR (NYSE:NVR - Get Free Report) last released 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). NVR had a net margin of 15.33% and a return on equity of 38.32%. The company 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 buyback plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research analyst reports. UBS Group decreased 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 note on Wednesday, April 23rd. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9,023.33.

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.

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