Jefferies Financial Group Inc. Purchases Shares of 170 NVR, Inc. $NVR

Key Points

• Jefferies Financial Group initiated a position in NVR, purchasing 170 shares valued at approximately $1.16 million. Institutional investors collectively own 83.67% of NVR’s outstanding stock.
• NVR reported quarterly revenue of $2.34 billion, below expectations, while revenue fell 10.5% year over year. The company posted a 12.26% net margin and 31.02% return on equity.
• Analyst sentiment remains mixed, with NVR carrying a consensus “Hold” rating and an average price target of $7,224.20, compared with its reported market price of $6,413.48.

Jefferies Financial Group Inc. acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 170 shares of the construction company's stock, valued at approximately $1,158,000.

Several other large investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of NVR in the 2nd quarter valued at about $6,336,000. Capstone Investment Advisors LLC purchased a new position in NVR in the 2nd quarter worth approximately $593,000. Proficio Capital Partners LLC purchased a new position in NVR in the 2nd quarter worth approximately $313,000. Pure Financial Advisors LLC bought a new stake in NVR in the second quarter valued at approximately $2,255,000. Finally, Transamerica Financial Advisors LLC bought a new stake in NVR in the second quarter valued at approximately $82,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NVR opened at $6,413.48 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The stock has a market capitalization of $17.06 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91. The stock's 50 day moving average price is $6,448.16 and its 200-day moving average price is $6,553.34. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $108.54 earnings per share. On average, equities research analysts predict that NVR, Inc. will post 367.13 EPS for the current year.

Insider Activity at NVR

In related news, Director George Oliver bought 63 shares of the business's stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director owned 63 shares of the company's stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NVR shares. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. UBS Group dropped their price target on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Bank of America cut their price target on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Finally, Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NVR currently has a consensus rating of "Hold" and a consensus target price of $7,224.20.

About NVR

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.

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