Teacher Retirement System of Texas Sells 1,770 Shares of NVR, Inc. (NYSE:NVR)

Teacher Retirement System of Texas reduced its position in NVR, Inc. (NYSE:NVR - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467 shares of the construction company's stock after selling 1,770 shares during the period. Teacher Retirement System of Texas owned about 0.11% of NVR worth $24,271,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR during the fourth quarter valued at approximately $35,000. Criterion Capital Advisors LLC purchased a new position in NVR during the fourth quarter valued at approximately $42,000. Allworth Financial LP grew its position in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company's stock valued at $56,000 after purchasing an additional 4 shares in the last quarter. GAMMA Investing LLC purchased a new position in NVR during the fourth quarter valued at approximately $78,000. Finally, Planned Solutions Inc. purchased a new position in NVR during the fourth quarter valued at approximately $91,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Paul C. Saville sold 300 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company's stock, valued at approximately $819,661,081.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the firm's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $1,771,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,102 shares of company stock worth $45,973,850. Company insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of NVR from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th.

NVR Price Performance

Shares of NVR traded down $15.51 during trading hours on Friday, hitting $7,655.39. The stock had a trading volume of 19,817 shares, compared to its average volume of 19,811. The company's fifty day moving average is $7,750.30 and its two-hundred day moving average is $7,110.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The stock has a market capitalization of $23.96 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.23 and a beta of 1.13.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $99.89 EPS. On average, analysts anticipate that NVR, Inc. will post 487.53 EPS for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership 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.