Jefferies Financial Group Inc. Buys Shares of 811 NVR, Inc. $NVR

Jefferies Financial Group Inc. bought a new stake in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 811 shares of the construction company’s stock, valued at approximately $5,914,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of NVR in the 4th quarter valued at $36,000. State of Wyoming bought a new position in NVR in the 2nd quarter worth $44,000. USA Financial Formulas raised its holdings in NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares during the period. Zions Bancorporation National Association UT raised its holdings in NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after acquiring an additional 6 shares during the period. Finally, Fulcrum Asset Management LLP bought a new position in NVR in the 3rd quarter worth $56,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director directly owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

NVR Stock Performance

NYSE NVR opened at $6,042.13 on Tuesday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The stock has a market cap of $16.31 billion, a P/E ratio of 14.73, a PEG ratio of 4.45 and a beta of 0.95. The company’s 50-day simple moving average is $6,397.16 and its 200 day simple moving average is $7,078.76.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the business earned $94.83 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, research analysts forecast that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research reiterated a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. UBS Group dropped their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Bank of America dropped their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7,649.33.

About NVR

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.