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

Jefferies Financial Group Inc. acquired a new position in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 811 shares of the construction company’s stock, valued at approximately $5,914,000.

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in NVR during the fourth quarter worth about $36,000. State of Wyoming bought a new stake in NVR during the second quarter worth about $44,000. Zions Bancorporation National Association UT grew its stake in NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after buying an additional 6 shares during the last quarter. USA Financial Formulas grew its stake in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in NVR during the third quarter worth about $56,000. 83.67% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Michael J. Devito purchased 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.60% of the stock is owned by corporate insiders.

NVR Trading Up 0.1%

Shares of NYSE NVR opened at $6,042.13 on Tuesday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a market capitalization of $16.31 billion, a P/E ratio of 14.73, a P/E/G ratio of 4.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. 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 issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The business’s revenue was down 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $94.83 EPS. On average, analysts predict that NVR, Inc. will post 375.15 EPS for the current year.

NVR declared that its board has initiated a stock buyback program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on NVR shares. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research note on Thursday, January 29th. UBS Group decreased their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Bank of America decreased their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

NVR Company 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.