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

Jefferies Financial Group Inc. lifted its position in shares of NVR, Inc. (NYSE:NVR) by 203.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 516 shares of the construction company’s stock after acquiring an additional 346 shares during the quarter. Jefferies Financial Group Inc.’s holdings in NVR were worth $3,176,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in NVR in the second quarter valued at about $2,004,324,000. State Street Corp increased its position in NVR by 0.9% in the second quarter. State Street Corp now owns 128,768 shares of the construction company’s stock worth $877,348,000 after purchasing an additional 1,172 shares during the period. Dimensional Fund Advisors LP raised its holdings in NVR by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 40,154 shares of the construction company’s stock worth $264,589,000 after purchasing an additional 1,588 shares during the last quarter. Caisse de depot et placement du Quebec bought a new stake in NVR during the 2nd quarter worth about $194,114,000. Finally, First Trust Advisors LP raised its holdings in NVR by 879.9% during the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after purchasing an additional 21,926 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVR. Bank of America downgraded shares of NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 target price on the stock. in a research report on Friday, October 23rd. Morgan Stanley lowered their price target on shares of NVR from $5,058.00 to $4,864.00 and set an “underweight” rating for the company in a research report on Tuesday, November 3rd. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. UBS Group raised their price objective on shares of NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $6,564.83.

NVR Price Performance

Shares of NVR opened at $5,819.53 on Friday. The company has a current ratio of 5.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,200.00. The stock has a market cap of $15.42 billion, a P/E ratio of 16.04 and a beta of 0.93. The stock’s 50-day moving average price is $6,083.85 and its two-hundred day moving average price is $6,490.45.

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

About NVR

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.