Kentucky Retirement Systems Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Kentucky Retirement Systems lessened its stake in NVR, Inc. (NYSE:NVR) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212 shares of the construction company’s stock after selling 2 shares during the quarter. Kentucky Retirement Systems’ holdings in NVR were worth $1,734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVR. Blue Trust Inc. bought a new stake in NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. bought a new stake in NVR in the third quarter valued at about $39,000. Private Trust Co. NA increased its holdings in NVR by 66.7% in 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 NVR in the third quarter valued at about $49,000. Finally, Quantbot Technologies LP bought a new stake in NVR in the third quarter valued at about $59,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 2.4 %

NYSE:NVR opened at $7,084.39 on Friday. NVR, Inc. has a 1 year low of $7,073.38 and a 1 year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.39 and a beta of 1.20. The stock has a 50-day moving average price of $7,959.67 and a two-hundred day moving average price of $8,773.79.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group boosted their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is 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.