Illinois Municipal Retirement Fund Reduces Stock Holdings in NVR, Inc. (NYSE:NVR)

Illinois Municipal Retirement Fund trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,377 shares of the construction company’s stock after selling 73 shares during the quarter. Illinois Municipal Retirement Fund owned 0.08% of NVR worth $19,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in NVR during the 3rd quarter worth $39,000. Rakuten Securities Inc. purchased a new position in NVR during the 3rd quarter worth $39,000. Private Trust Co. NA grew its stake in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NVR during the 3rd quarter worth $49,000. Finally, Quantbot Technologies LP purchased a new position in NVR during the 3rd quarter worth $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is currently owned by insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,068.96 on Tuesday. The stock has a market cap of $21.14 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The business has a 50-day simple moving average of $7,930.80 and a 200-day simple moving average of $8,768.00. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a stock buyback 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the subject of a number of research reports. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, JPMorgan Chase & Co. lowered their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.