NVR, Inc. $NVR Stock Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its position in NVR, Inc. (NYSE:NVR) by 203.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 516 shares of the construction company’s stock after purchasing an additional 346 shares during the period. Jefferies Financial Group Inc.’s holdings in NVR were worth $3,176,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of NVR during the 2nd quarter worth about $27,000. Activest Wealth Management bought a new position in NVR during the 3rd quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in NVR in the second quarter valued at about $34,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the second quarter valued at about $34,000. Finally, Global Retirement Partners LLC acquired a new position in NVR in the second quarter valued at about $41,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 1.3%

Shares of NYSE NVR opened at $5,819.53 on Friday. The firm’s 50-day simple moving average is $6,083.85 and its 200 day simple moving average is $6,490.45. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 16.04 and a beta of 0.93. The company has a quick ratio of 2.02, a current ratio of 5.07 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,200.00.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 earnings per share for the quarter, missing the consensus estimate of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.53%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business posted $112.33 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. On average, research analysts expect that NVR, Inc. will post 345.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on NVR shares. Truist Financial decreased their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. Bank of America downgraded NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 target price on the stock. in a report on Friday, October 23rd. Finally, Morgan Stanley decreased their price target on NVR from $5,058.00 to $4,864.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $6,564.83.

NVR Profile

NVR, Inc. is a homebuilding and mortgage banking company. Through its homebuilding operations, it designs and constructs single-family homes and townhomes for buyers across a range of price points. The company markets homes under the Ryan Homes, NVHomes and Heartland Homes brands. Its homebuilding business serves communities in multiple regions of the United States, including the Mid-Atlantic, Northeast, Southeast and Midwest. NVR also provides mortgage banking and related services to homebuyers through its mortgage operations.