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

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

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of NVR in the fourth quarter valued at approximately $3,277,825,000. Jennison Associates LLC bought a new stake in shares of NVR in the third quarter valued at approximately $348,545,000. Mizuho Securities USA LLC grew its stake in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after acquiring an additional 16,266 shares in the last quarter. KBC Group NV grew its stake in NVR by 299.9% during the third quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after acquiring an additional 4,216 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in NVR by 53.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company’s stock valued at $104,888,000 after acquiring an additional 3,741 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

Shares of NVR stock opened at $7,228.03 on Friday. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The stock 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 fifty day moving average of $7,677.46 and a 200-day moving average of $8,623.40. 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 earnings per share (EPS) 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 39.67%. Equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on NVR. UBS Group boosted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus target price of $9,356.67.

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.