State of New Jersey Common Pension Fund D Cuts Stock Holdings in NVR, Inc. (NYSE:NVR)

State of New Jersey Common Pension Fund D trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080 shares of the construction company’s stock after selling 54 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NVR were worth $8,833,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. IMS Capital Management increased its holdings in shares of NVR by 1.5% during the 4th quarter. IMS Capital Management now owns 277 shares of the construction company’s stock valued at $2,266,000 after purchasing an additional 4 shares in the last quarter. Marks Group Wealth Management Inc increased its holdings in shares of NVR by 1.8% during the 4th quarter. Marks Group Wealth Management Inc now owns 567 shares of the construction company’s stock valued at $4,637,000 after purchasing an additional 10 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of NVR by 10.7% during the 4th quarter. Summit Trail Advisors LLC now owns 31 shares of the construction company’s stock valued at $254,000 after purchasing an additional 3 shares in the last quarter. Equitable Trust Co. purchased a new position in shares of NVR during the 4th quarter valued at approximately $213,000. Finally, Savant Capital LLC increased its holdings in shares of NVR by 1.6% during the 4th quarter. Savant Capital LLC now owns 375 shares of the construction company’s stock valued at $3,067,000 after purchasing an additional 6 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on NVR. Bank of America cut their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is owned by insiders.

NVR Trading Down 1.8 %

Shares of NVR opened at $7,236.24 on Wednesday. The firm’s fifty day moving average is $8,054.64 and its two-hundred day moving average is $8,800.81. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock has a market cap of $22.14 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. NVR, Inc. has a 52-week low of $7,192.17 and a 52-week high of $9,964.77.

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

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are often 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.