Louisiana State Employees Retirement System Takes Position in NVR, Inc. (NYSE:NVR)

Louisiana State Employees Retirement System acquired a new position in NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 200 shares of the construction company's stock, valued at approximately $1,400,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AE Wealth Management LLC lifted its holdings in NVR by 5.7% during the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company's stock valued at $221,000 after purchasing an additional 2 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of NVR by 5.0% in the third quarter. Global Retirement Partners LLC now owns 42 shares of the construction company's stock worth $249,000 after buying an additional 2 shares in the last quarter. Castleview Partners LLC lifted its holdings in shares of NVR by 4.3% in the third quarter. Castleview Partners LLC now owns 72 shares of the construction company's stock worth $429,000 after buying an additional 3 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of NVR by 8.1% in 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. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of NVR by 14.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company's stock worth $143,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 250 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the transaction, the director now owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other NVR news, Director Susan Williamson Ross sold 250 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the transaction, the director now owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Paul C. Saville sold 500 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $7,392.07, for a total transaction of $3,696,035.00. Following the sale, the chairman now directly owns 106,860 shares of the company's stock, valued at $789,916,600.20. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock worth $59,155,947 over the last quarter. Insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

NVR Price Performance

NVR traded up $121.79 during trading hours on Monday, hitting $7,806.79. The company's stock had a trading volume of 18,165 shares, compared to its average volume of 19,018. The business's 50-day moving average price is $7,717.27 and its 200-day moving average price is $6,942.69. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.79 and a beta of 1.13. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, beating analysts' consensus estimates of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter in the previous year, the business posted $133.44 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 499.45 earnings per share for the current fiscal year.

NVR announced that its board has authorized a share buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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.