NVR, Inc. $NVR Position Increased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in NVR, Inc. by 201.6%, acquiring 129 additional shares for a total of 193 shares valued at approximately $1,398,000.
• In recent insider trading activity, CAO Matthew B. Kelpy sold 600 shares for about $4.86 million, leading to a 74.26% reduction in his ownership.
• NVR declared a $750 million share buyback program, allowing for the repurchase of up to 3.6% of its stock, indicating the board's belief that the stock is undervalued.

Jump Financial LLC raised its stake in NVR, Inc. (NYSE:NVR - Free Report) by 201.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 193 shares of the construction company's stock after purchasing an additional 129 shares during the quarter. Jump Financial LLC's holdings in NVR were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. JDM Financial Group LLC purchased a new stake in shares of NVR in the fourth quarter worth $25,000. Olde Wealth Management LLC bought a new stake in shares of NVR in the first quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR during the 1st quarter valued at approximately $36,000. Ridgewood Investments LLC boosted its position in 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 acquiring an additional 3 shares in the last quarter. Finally, SouthState Corp purchased a new position in shares of NVR during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NVR. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group increased their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Trading Up 0.6%

Shares of NVR stock traded up $48.91 during mid-day trading on Wednesday, hitting $8,218.76. The stock had a trading volume of 1,314 shares, compared to its average volume of 22,538. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The firm has a market cap of $23.59 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 11.29 and a beta of 0.95. The firm has a 50-day moving average of $7,797.01 and a two-hundred day moving average of $7,397.53. 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 (NYSE:NVR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm earned $120.69 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Insider Transactions at NVR

In other news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction dated 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 transaction, the director owned 75 shares in the company, valued at $606,183. This trade represents a 72.73% decrease in their position. 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 firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 975 shares of company stock worth $7,869,360. Company insiders own 7.80% 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.