Strs Ohio Sells 409 Shares of NVR, Inc. (NYSE:NVR)

Strs Ohio cut its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 37.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 691 shares of the construction company's stock after selling 409 shares during the quarter. Strs Ohio's holdings in NVR were worth $4,837,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NVR. Ritholtz Wealth Management grew its stake in shares of NVR by 1.2% in the third quarter. Ritholtz Wealth Management now owns 173 shares of the construction company's stock valued at $1,032,000 after acquiring an additional 2 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of NVR by 5.0% during the third quarter. Global Retirement Partners LLC now owns 42 shares of the construction company's stock worth $249,000 after purchasing an additional 2 shares during the period. AE Wealth Management LLC raised its position in shares of NVR by 5.7% in the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company's stock valued at $221,000 after buying an additional 2 shares in the last quarter. Castleview Partners LLC boosted its stake in shares of NVR by 4.3% in the third quarter. Castleview Partners LLC now owns 72 shares of the construction company's stock valued at $429,000 after buying an additional 3 shares during the period. Finally, Brighton Jones LLC grew its position in NVR by 8.1% during the third quarter. Brighton Jones LLC now owns 40 shares of the construction company's stock worth $239,000 after buying an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, February 15th.

NVR Price Performance

Shares of NYSE:NVR traded down $17.26 during midday trading on Friday, hitting $7,685.00. The stock had a trading volume of 27,557 shares, compared to its average volume of 19,030. The company's 50-day moving average price is $7,708.72 and its 200-day moving average price is $6,903.36. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $24.59 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. The company's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $133.44 earnings per share. As a group, equities research analysts predict that NVR, Inc. will post 499.45 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Insider Transactions at NVR

In other NVR news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the transaction, the chairman now owns 106,860 shares in the company, valued at $813,314,665.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Matthew B. Kelpy sold 100 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,751,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Paul C. Saville sold 250 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the sale, the chairman now directly owns 106,860 shares in the company, valued at approximately $813,314,665.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company's stock.

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.