Illinois Municipal Retirement Fund Has $15.91 Million Holdings in NVR, Inc. $NVR

Illinois Municipal Retirement Fund lessened its position in NVR, Inc. (NYSE:NVR) by 10.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,415 shares of the construction company’s stock after selling 277 shares during the period. Illinois Municipal Retirement Fund’s holdings in NVR were worth $15,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVR. DV Equities LLC acquired a new stake in shares of NVR in the fourth quarter valued at about $29,000. Strive Financial Group LLC bought a new position in shares of NVR in the fourth quarter worth about $29,000. Oakworth Capital Inc. acquired a new position in shares of NVR during the 4th quarter worth about $36,000. State of Wyoming acquired a new position in shares of NVR during the 2nd quarter worth about $44,000. Finally, USA Financial Formulas boosted its stake in NVR by 75.0% during the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. BTIG Research reiterated a “buy” rating and set a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Bank of America lowered their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, UBS Group dropped their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVR has an average rating of “Hold” and an average target price of $7,649.33.

NVR Trading Up 2.9%

Shares of NVR opened at $6,684.72 on Friday. The stock’s 50-day moving average price is $6,298.40 and its 200 day moving average price is $6,822.78. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 4.82 and a beta of 0.90. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $94.83 EPS. As a group, research analysts predict that NVR, Inc. will post 372.53 earnings per share for the current year.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.