State of Alaska Department of Revenue Decreases Position in NVR, Inc. (NYSE:NVR)

State of Alaska Department of Revenue cut its holdings in NVR, Inc. (NYSE:NVR) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 824 shares of the construction company’s stock after selling 280 shares during the period. State of Alaska Department of Revenue’s holdings in NVR were worth $6,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bleakley Financial Group LLC increased its stake in shares of NVR by 7.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company’s stock worth $229,000 after buying an additional 2 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in NVR by 49.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 295 shares of the construction company’s stock worth $2,420,000 after acquiring an additional 98 shares during the last quarter. Caas Capital Management LP purchased a new position in shares of NVR in the fourth quarter valued at about $1,153,000. Jennison Associates LLC raised its stake in shares of NVR by 5.7% during the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after acquiring an additional 2,027 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its holdings in shares of NVR by 3.5% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 269 shares of the construction company’s stock worth $2,200,000 after purchasing an additional 9 shares during the period. 83.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut 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 research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

Shares of NVR stock opened at $7,560.51 on Friday. The business’s fifty day moving average is $8,288.68 and its 200 day moving average is $8,855.35. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.60 and a beta of 1.20. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Research analysts expect that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has approved a stock buyback program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

About NVR

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.