Jefferies Financial Group Inc. Purchases New Shares in NVR, Inc. $NVR

Jefferies Financial Group Inc. purchased a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 170 shares of the construction company’s stock, valued at approximately $1,158,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after buying an additional 2 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after acquiring an additional 2 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after acquiring an additional 2 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs lifted its position in NVR by 1.6% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after acquiring an additional 2 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in NVR by 28.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after acquiring an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other news, Director George Oliver purchased 63 shares of NVR stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares of the company’s stock, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by insiders.

NVR Price Performance

NVR opened at $6,413.48 on Monday. The firm has a market cap of $17.06 billion, a PE ratio of 16.63, a P/E/G ratio of 10.69 and a beta of 0.91. The stock has a 50-day moving average price of $6,448.16 and a 200-day moving average price of $6,553.34. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NVR shares. Weiss Ratings upgraded shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Truist Financial lowered their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

NVR Profile

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.