Louisiana State Employees Retirement System Buys Shares of 100 NVR, Inc. $NVR

Louisiana State Employees Retirement System acquired a new position in NVR, Inc. (NYSE:NVR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100 shares of the construction company’s stock, valued at approximately $659,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp boosted its stake in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank bought a new position in shares of NVR during the fourth quarter valued at about $311,496,000. Corient Private Wealth LLC increased its holdings in shares of NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares during the period. Citadel Advisors LLC lifted its stake in shares of NVR by 318.4% in the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock valued at $154,386,000 after acquiring an additional 14,623 shares during the last quarter. Finally, Newport Capital Group LLC purchased a new stake in NVR during the 4th quarter valued at about $106,372,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In related news, Director Michael J. Devito purchased 11 shares of NVR stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is owned by insiders.

NVR Trading Up 0.6%

Shares of NYSE NVR traded up $38.49 during midday trading on Tuesday, hitting $6,732.15. 1,166 shares of the company traded hands, compared to its average volume of 27,471. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The firm has a market cap of $18.18 billion, a P/E ratio of 16.41, a P/E/G ratio of 5.01 and a beta of 0.90. The stock has a 50-day moving average price of $6,258.66 and a 200 day moving average price of $6,873.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America lowered their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Truist Financial lowered their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

About NVR

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.