Kentucky Retirement Systems Cuts Stock Position in NVR, Inc. (NYSE:NVR)

Kentucky Retirement Systems trimmed its holdings in NVR, Inc. (NYSE:NVR) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 236 shares of the construction company’s stock after selling 7 shares during the period. Kentucky Retirement Systems’ holdings in NVR were worth $1,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Valued Wealth Advisors LLC raised its stake in NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of NVR in the second quarter worth $46,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of NVR during the second quarter worth $53,000. Mather Group LLC. purchased a new position in NVR during the first quarter valued at $73,000. Finally, UMB Bank n.a. grew its stake in NVR by 57.1% during the second quarter. UMB Bank n.a. now owns 11 shares of the construction company’s stock valued at $83,000 after acquiring an additional 4 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 1.9 %

Shares of NVR stock opened at $9,473.01 on Friday. The stock has a market cap of $29.68 billion, a P/E ratio of 19.74, a PEG ratio of 2.39 and a beta of 1.18. The company’s fifty day simple moving average is $8,798.26 and its two-hundred day simple moving average is $8,058.53. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $9,696.86.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a return on equity of 38.51% and a net margin of 16.83%. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Analysts predict that NVR, Inc. will post 500.67 EPS for the current fiscal year.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 175 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,989,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 175 shares of NVR stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,989,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 648 shares of company stock worth $5,547,709. 7.00% of the stock is currently owned by insiders.

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.