Jones Financial Companies Lllp Boosts Stake in NVR, Inc. $NVR

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

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

NVR Stock Performance

NVR stock opened at $8,325.38 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a fifty day moving average price of $7,908.02 and a two-hundred day moving average price of $7,444.16. The company has a market cap of $23.89 billion, a PE ratio of 17.57, a P/E/G ratio of 11.51 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

NVR has been the topic of several recent analyst reports. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NVR has a consensus rating of "Hold" and a consensus price target of $8,783.33.

Insiders Place Their Bets

In other NVR news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director directly 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 legal filing with the SEC, which is available at this link. Also, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock valued at $7,869,360 over the last quarter. Insiders own 7.00% of the company's stock.

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.

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.