Jefferies Financial Group Inc. Invests $5.65 Million in NVR, Inc. (NYSE:NVR)

Jefferies Financial Group Inc. acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 691 shares of the construction company's stock, valued at approximately $5,652,000.

Other institutional investors have also modified their holdings of the company. JDM Financial Group LLC acquired a new position in shares of NVR in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of NVR by 60.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock valued at $65,000 after buying an additional 3 shares during the last quarter. Finally, Morse Asset Management Inc raised its position in shares of NVR by 1,200.0% in the fourth quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock valued at $106,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Up 1.3%

NVR stock traded up $88.86 during trading on Thursday, reaching $7,088.98. The company had a trading volume of 13,659 shares, compared to its average volume of 22,131. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock's 50 day moving average price is $7,154.90 and its two-hundred day moving average price is $7,774.45. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

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

NVR announced that its board has initiated a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVR. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group lowered their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, NVR currently has an average rating of "Hold" and an average target price of $9,023.33.

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.