NVR, Inc. $NVR Shares Purchased by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly increased its stake in NVR, Inc. by 217,591.3%, now owning 50,069 shares worth approximately $3.76 million.
• NVR reported earnings of $108.54 per share for the latest quarter, exceeding analyst estimates, with a net margin of 14.68% and revenue of $2.55 billion.
• Despite a decline in revenue compared to the previous year, analysts maintain a consensus rating of "Hold" on NVR, with a price target averaging at $8,783.33.

Jones Financial Companies Lllp grew its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 217,591.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,069 shares of the construction company's stock after buying an additional 50,046 shares during the quarter. Jones Financial Companies Lllp owned about 1.71% of NVR worth $3,758,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NVR. JDM Financial Group LLC acquired a new stake in shares of NVR in the 4th quarter valued at approximately $25,000. Olde Wealth Management LLC purchased a new position in NVR in the 1st quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NVR in the 1st quarter valued at approximately $36,000. Ridgewood Investments LLC increased its stake in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp purchased a new position in NVR in the 1st quarter valued at approximately $36,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group raised their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8,783.33.

Insider Activity

In other NVR news, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the transaction, the director owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 over the last quarter. Company insiders own 7.80% of the company's stock.

NVR Trading Down 0.9%

Shares of NYSE:NVR traded down $71.75 during midday trading on Tuesday, reaching $8,206.20. The company's stock had a trading volume of 17,104 shares, compared to its average volume of 16,697. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 11.51 and a beta of 0.95. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The business has a 50 day moving average price of $7,970.17 and a 200 day moving average price of $7,478.23.

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

NVR Profile

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.