Illinois Municipal Retirement Fund Has $19.63 Million Stake in NVR, Inc. $NVR

Illinois Municipal Retirement Fund boosted its holdings in NVR, Inc. (NYSE:NVR) by 9.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,692 shares of the construction company’s stock after acquiring an additional 227 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NVR were worth $19,632,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. bought a new position in NVR during the fourth quarter worth about $11,610,000. Alberta Investment Management Corp bought a new stake in NVR during the 3rd quarter worth approximately $4,017,000. American Century Companies Inc. increased its stake in NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after purchasing an additional 925 shares in the last quarter. Marshfield Associates raised its holdings in NVR by 4.7% during the 3rd quarter. Marshfield Associates now owns 25,042 shares of the construction company’s stock worth $201,204,000 after buying an additional 1,130 shares during the period. Finally, SG Americas Securities LLC lifted its stake in NVR by 669.5% in the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after buying an additional 3,682 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director owned 25 shares in the company, valued at approximately $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

NVR Trading Down 1.6%

NVR stock opened at $6,306.15 on Thursday. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 4.72 and a beta of 0.93. The firm has a 50-day moving average of $6,320.94 and a 200-day moving average of $6,990.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28.

NVR (NYSE:NVR) last released 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 company had revenue of $1.91 billion for 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%.The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the firm earned $94.83 earnings per share. On average, equities analysts expect that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock repurchase plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the subject of several research analyst reports. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. BTIG Research restated a “buy” rating and set a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. Truist Financial cut their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group lowered their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus price target of $7,649.33.

NVR 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.