Public Employees Retirement System of Ohio Invests $6.34 Million in NVR, Inc. $NVR

Public Employees Retirement System of Ohio bought a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 930 shares of the construction company’s stock, valued at approximately $6,336,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the last quarter. Woodline Partners LP lifted its stake in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of NVR by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after purchasing an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of several research reports. Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research note on Friday, July 24th. Bank of America dropped their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Finally, UBS Group decreased their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7,224.20.

Insider Buying and Selling

In other news, Director George Oliver acquired 63 shares of the business’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by corporate insiders.

NVR Stock Down 0.5%

Shares of NYSE:NVR opened at $6,284.54 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a 50 day moving average of $6,444.91 and a two-hundred day moving average of $6,528.02. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 10.55 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $108.54 earnings per share. As a group, analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

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.