Teacher Retirement System of Texas Buys 4,015 Shares of NVR, Inc. (NYSE:NVR)

Teacher Retirement System of Texas grew its stake in NVR, Inc. (NYSE:NVR) by 67.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,943 shares of the construction company’s stock after purchasing an additional 4,015 shares during the period. Teacher Retirement System of Texas owned about 0.32% of NVR worth $81,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in NVR in the fourth quarter valued at approximately $3,277,825,000. Principal Financial Group Inc. boosted its holdings in shares of NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares in the last quarter. Boston Partners grew its position in NVR by 3.2% during the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after acquiring an additional 1,605 shares during the last quarter. Jennison Associates LLC increased its holdings in NVR by 5.7% in the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after purchasing an additional 2,027 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NVR by 8.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock valued at $267,686,000 after purchasing an additional 2,045 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NVR shares. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Up 1.2 %

Shares of NYSE NVR opened at $7,268.08 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company has a 50-day moving average price of $7,633.72 and a 200-day moving average price of $8,581.25. The stock has a market capitalization of $21.73 billion, a P/E ratio of 14.32, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.