Illinois Municipal Retirement Fund Sells 20 Shares of NVR, Inc. (NYSE:NVR)

Illinois Municipal Retirement Fund trimmed its stake in NVR, Inc. (NYSE:NVR) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,230 shares of the construction company’s stock after selling 20 shares during the period. Illinois Municipal Retirement Fund owned 0.10% of NVR worth $22,611,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Pacific Financial acquired a new position in shares of NVR during the third quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR during the 4th quarter valued at about $35,000. Criterion Capital Advisors LLC acquired a new position in NVR during the 4th quarter valued at about $42,000. Allworth Financial LP raised its stake in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after buying an additional 4 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in NVR in the third quarter worth about $78,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares of the company’s stock, valued at $2,974,700.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,751,450. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the sale, the director now directly owns 405 shares in the company, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,981 shares of company stock valued at $59,155,947. 7.00% of the stock is owned by company insiders.

NVR Stock Performance

NVR stock traded up $121.79 during mid-day trading on Monday, hitting $7,806.79. The company had a trading volume of 18,165 shares, compared to its average volume of 19,018. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.79 and a beta of 1.13. The company’s fifty day moving average is $7,717.27 and its 200-day moving average is $6,942.69. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,211.40.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned $133.44 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. Equities research analysts predict that NVR, Inc. will post 499.45 EPS for the current year.

NVR announced that its board has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

NVR 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.