Oregon Public Employees Retirement Fund Boosts Stock Position in NVR, Inc. $NVR

Oregon Public Employees Retirement Fund raised its stake in shares of NVR, Inc. (NYSE:NVR) by 29.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333 shares of the construction company’s stock after buying an additional 76 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NVR were worth $2,676,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc purchased a new position in shares of NVR in the 2nd quarter worth about $30,000. Blue Trust Inc. increased its stake in NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares in the last quarter. Assetmark Inc. lifted its stake in shares of NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after buying an additional 2 shares in the last quarter. State of Wyoming purchased a new stake in NVR during the 2nd quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC bought a new stake in NVR in the 2nd quarter worth approximately $59,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael J. Devito purchased 14 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.

NVR Stock Performance

NYSE:NVR opened at $7,583.70 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. The stock has a 50-day simple moving average of $7,377.89 and a two-hundred day simple moving average of $7,688.83. The firm has a market capitalization of $21.54 billion, a PE ratio of 16.64, a P/E/G ratio of 10.29 and a beta of 1.01. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $130.50 EPS. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BTIG Research initiated coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group cut their price target on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Bank of America dropped their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8,443.00.

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.