NVR, Inc. (NYSE:NVR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in NVR, Inc. (NYSE:NVR - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,082 shares of the construction company's stock after selling 226 shares during the quarter. California Public Employees Retirement System owned 0.19% of NVR worth $42,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in NVR by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company's stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the period. International Assets Investment Management LLC grew its stake in NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock worth $1,666,212,000 after acquiring an additional 237,977 shares in the last quarter. Invesco Ltd. grew its stake in NVR by 11.2% in the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company's stock worth $264,287,000 after acquiring an additional 4,468 shares in the last quarter. Smead Capital Management Inc. grew its stake in NVR by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company's stock worth $276,385,000 after acquiring an additional 277 shares in the last quarter. Finally, Northern Trust Corp grew its stake in NVR by 11.4% in the 3rd quarter. Northern Trust Corp now owns 38,518 shares of the construction company's stock worth $229,694,000 after acquiring an additional 3,943 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a "neutral" rating in a research note on Wednesday. StockNews.com upgraded shares of NVR from a "hold" rating to a "buy" rating in a research note on Wednesday.

Insider Activity

In related news, Director Susan Williamson Ross sold 250 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 405 shares of the company's stock, valued at $2,974,700.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Paul C. Saville sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now owns 106,860 shares of the company's stock, valued at $789,916,600.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 250 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 405 shares of the company's stock, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,981 shares of company stock worth $59,155,947. Corporate insiders own 7.00% of the company's stock.

NVR Stock Down 1.0 %

Shares of NYSE NVR traded down $77.96 during midday trading on Friday, reaching $7,647.04. 24,587 shares of the company's stock traded hands, compared to its average volume of 17,901. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The stock's 50 day simple moving average is $7,741.99 and its 200-day simple moving average is $6,982.80. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 3.21 and a beta of 1.13.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the firm earned $99.89 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post 494.66 EPS for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is 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.