California Public Employees Retirement System Buys 298 Shares of NVR, Inc. $NVR

California Public Employees Retirement System lifted its position in NVR, Inc. (NYSE:NVR) by 6.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,136 shares of the construction company’s stock after purchasing an additional 298 shares during the period. California Public Employees Retirement System owned 0.18% of NVR worth $37,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in NVR during the 2nd quarter valued at $30,000. SouthState Corp purchased a new position in shares of NVR during the first quarter valued at $36,000. Blue Trust Inc. raised its holdings in shares of NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in NVR in the first quarter worth about $43,000. Finally, Assetmark Inc. grew its holdings in NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, Director Michael J. Devito bought 14 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the acquisition, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is currently owned by insiders.

NVR Trading Up 2.7%

NYSE NVR opened at $7,514.20 on Thursday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,989.75. The company has a fifty day simple moving average of $7,478.85 and a two-hundred day simple moving average of $7,646.85. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. The stock has a market cap of $21.34 billion, a P/E ratio of 16.49, a P/E/G ratio of 9.86 and a beta of 1.01.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $130.50 EPS. On average, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group upped their target price on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Bank of America decreased their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, BTIG Research began coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8,530.50.

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.