Jones Financial Companies Lllp Buys 13 Shares of NVR, Inc. (NYSE:NVR)

Jones Financial Companies Lllp grew its stake in NVR, Inc. (NYSE:NVR) by 130.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23 shares of the construction company’s stock after purchasing an additional 13 shares during the quarter. Jones Financial Companies Lllp’s holdings in NVR were worth $188,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVR. Private Trust Co. NA raised its holdings in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR in the 3rd quarter worth about $49,000. Smartleaf Asset Management LLC grew its position in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after buying an additional 3 shares during the period. Quantbot Technologies LP purchased a new stake in shares of NVR in the 3rd quarter worth about $59,000. Finally, Brooklyn Investment Group purchased a new stake in shares of NVR in the 3rd quarter worth about $137,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

Shares of NVR stock opened at $7,228.03 on Friday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The company’s 50-day moving average is $7,677.46 and its 200 day moving average is $8,623.40. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

NVR has been the topic of a number of recent research reports. 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 research report on Wednesday, January 29th. UBS Group upped their target price 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s 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 sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.00% of the company’s stock.

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.