Janney Montgomery Scott LLC Lowers Holdings in NVR, Inc. $NVR

Key Points

• Janney Montgomery Scott LLC has decreased its holdings in NVR, Inc. by 10.3%, now owning 967 shares valued at approximately $7.14 million.
• Several hedge funds, including Boston Partners and JPMorgan Chase & Co., have increased their positions in NVR recently, with over 83% of the stock held by institutional investors.
• NVR reported quarterly earnings of $108.54 per share, beating expectations, despite a 0.5% decline in revenue year-over-year.

Janney Montgomery Scott LLC trimmed its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 10.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 967 shares of the construction company's stock after selling 111 shares during the period. Janney Montgomery Scott LLC's holdings in NVR were worth $7,142,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Boston Partners grew its position in NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after acquiring an additional 7,233 shares during the period. Principal Financial Group Inc. grew its position in NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after acquiring an additional 2,814 shares during the period. JPMorgan Chase & Co. grew its position in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after acquiring an additional 15,405 shares during the period. Jones Financial Companies Lllp grew its position in NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock worth $3,758,000 after acquiring an additional 50,046 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company's stock worth $356,277,000 after acquiring an additional 47,729 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director owned 75 shares in the company, valued at approximately $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 975 shares of company stock worth $7,869,360. Corporate insiders own 7.80% of the company's stock.

NVR Stock Up 1.3%

Shares of NYSE NVR opened at $8,178.89 on Monday. The stock has a market cap of $23.47 billion, a P/E ratio of 17.26, a PEG ratio of 11.37 and a beta of 0.94. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The business's fifty day simple moving average is $8,086.61 and its 200-day simple moving average is $7,548.55.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $120.69 earnings per share. As a group, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on NVR shares. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group raised their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8,783.33.

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.

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