Retirement Systems of Alabama Sells 13 Shares of NVR, Inc. (NYSE:NVR)

Retirement Systems of Alabama lowered its position in shares of NVR, Inc. (NYSE:NVR) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 664 shares of the construction company’s stock after selling 13 shares during the quarter. Retirement Systems of Alabama’s holdings in NVR were worth $5,431,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. bought a new position in shares of NVR in the 3rd quarter worth about $39,000. Rakuten Securities Inc. bought a new position in shares of NVR during the third quarter valued at approximately $39,000. Private Trust Co. NA lifted its holdings in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth approximately $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of NVR in the 3rd quarter worth approximately $59,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of a number of recent research reports. UBS Group lifted 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. Bank of America lowered their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on shares of 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. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four 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.com, NVR currently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Stock Down 2.3 %

NVR stock opened at $7,560.51 on Monday. The stock has a market capitalization of $23.14 billion, a P/E ratio of 14.90, a P/E/G ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 1-year low of $7,227.09 and a 1-year high of $9,964.77. The business has a fifty day moving average price of $8,288.68 and a 200-day moving average price of $8,860.32.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. Equities analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

NVR Company 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.