Kentucky Retirement Systems Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Kentucky Retirement Systems lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 212 shares of the construction company’s stock after selling 2 shares during the period. Kentucky Retirement Systems’ holdings in NVR were worth $1,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new stake in NVR during the third quarter worth about $39,000. Rakuten Securities Inc. bought a new stake in NVR during the third quarter worth about $39,000. Private Trust Co. NA raised its holdings in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter worth about $49,000. Finally, Quantbot Technologies LP bought a new stake in NVR during the third quarter worth about $59,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of several research analyst reports. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group upped their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9,356.67.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NYSE NVR opened at $7,084.39 on Friday. The firm has a market cap of $21.18 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $7,073.38 and a 1-year high of $9,964.77. The business’s 50 day moving average is $7,959.67 and its 200-day moving average is $8,773.79.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management 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.