Vestcor Inc Has $1.60 Million Stock Position in NVR, Inc. (NYSE:NVR)

Vestcor Inc cut its holdings in NVR, Inc. (NYSE:NVR) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196 shares of the construction company’s stock after selling 12 shares during the period. Vestcor Inc’s holdings in NVR were worth $1,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after purchasing an additional 3 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of 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 acquired a new stake in shares of NVR in the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC raised its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of NVR in the third quarter valued at approximately $59,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NVR shares. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of 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 stock. Based on data from MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Price Performance

NYSE:NVR opened at $7,228.03 on Friday. NVR, Inc. has a 1-year low of $7,015.00 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 firm has a fifty day simple moving average of $7,677.46 and a 200 day simple moving average of $8,623.40. The stock has a market capitalization of $21.61 billion, a PE ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS 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 39.67%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock buyback 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 typically an indication that the company’s board of directors 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.