Jefferies Financial Group Inc. Acquires New Shares in NVR, Inc. (NYSE:NVR)

Jefferies Financial Group Inc. purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 691 shares of the construction company's stock, valued at approximately $5,652,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after buying an additional 3 shares during the period. Smartleaf Asset Management LLC grew its position in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after buying an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of NVR by 60.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock worth $65,000 after buying an additional 3 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 11 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of NVR by 11.1% in the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group cut their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Up 1.4%

NYSE:NVR traded up $104.85 during trading hours on Friday, reaching $7,351.47. 17,118 shares of the company traded hands, compared to its average volume of 22,076. The business's 50-day moving average price is $7,171.58 and its two-hundred day moving average price is $7,902.99. The stock has a market capitalization of $21.50 billion, a P/E ratio of 14.48, a P/E/G ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. Analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.