NVR, Inc. $NVR Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its stake in NVR, Inc. by 569.1% during Q1, owning over $86 million worth of shares.
• Insider trading showed a notable sell-off, with Director Alexandra A. Jung reducing her holdings by 72.73% after selling 200 shares for approximately $1.6 million.
• Brokerages have adjusted their target prices for NVR, with UBS raising its target from $7,900 to $8,150, maintaining a "neutral" rating.

Jacobs Levy Equity Management Inc. grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 569.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,877 shares of the construction company's stock after buying an additional 10,102 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.41% of NVR worth $86,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC increased its position in shares of NVR by 1.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after purchasing an additional 2 shares during the last quarter. Peak Financial Advisors LLC increased its holdings in shares of NVR by 1.3% in the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after buying an additional 2 shares in the last quarter. Salvus Wealth Management LLC boosted its holdings in shares of NVR by 0.6% in the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after buying an additional 2 shares during the period. Fifth Third Bancorp lifted its stake in NVR by 6.9% in the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after acquiring an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in NVR by 6.7% in the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after buying an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of the 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 sale, the director owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction on 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 directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 over the last ninety days. Insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on NVR. UBS Group lifted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NVR has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Up 2.6%

Shares of NYSE:NVR opened at $8,399.83 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The firm has a market cap of $24.11 billion, a P/E ratio of 17.73, a PEG ratio of 11.39 and a beta of 0.95. The business's 50 day simple moving average is $7,839.55 and its two-hundred day simple moving average is $7,410.23.

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

NVR Company 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.

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