Teachers Retirement System of The State of Kentucky Cuts Position in NVR, Inc. (NYSE:NVR)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 15.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,284 shares of the construction company’s stock after selling 614 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NVR were worth $24,921,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NVR. Mitsubishi UFJ Trust & Banking Corp raised its stake in NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after buying an additional 71 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NVR by 3,377.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after purchasing an additional 2,432 shares during the period. Sei Investments Co. increased its holdings in NVR by 89.6% in the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after acquiring an additional 1,254 shares during the last quarter. Swedbank AB bought a new stake in NVR in the 1st quarter valued at $931,000. Finally, Jane Street Group LLC increased its holdings in shares of NVR by 1,285.4% in the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock worth $4,601,000 after buying an additional 527 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the sale, the director now directly owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Matthew B. Kelpy sold 175 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly 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 accessible through this link. Also, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the completion of the transaction, the director now directly owns 391 shares in the company, valued at $3,325,810.81. The disclosure for this sale can be found here. Insiders sold a total of 648 shares of company stock worth $5,547,709 in the last 90 days. 7.00% of the stock is owned by corporate insiders.

NVR Stock Performance

NVR stock opened at $9,811.80 on Tuesday. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $9,844.73. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $8,979.42 and its 200-day moving average price is $8,161.71. The company has a market cap of $30.74 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. On average, equities research analysts forecast that NVR, Inc. will post 500.67 EPS for the current fiscal year.

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.