Jacobs Levy Equity Management Inc. Reduces Position in NVR, Inc. (NYSE:NVR)

Jacobs Levy Equity Management Inc. lowered its stake in NVR, Inc. (NYSE:NVR - Free Report) by 82.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,775 shares of the construction company's stock after selling 8,472 shares during the period. Jacobs Levy Equity Management Inc. owned 0.06% of NVR worth $14,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after acquiring an additional 3 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 worth $57,000 after purchasing an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in NVR by 60.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock worth $65,000 after acquiring an additional 3 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after purchasing an additional 11 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in NVR by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. lowered their price target on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group cut 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 research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Performance

Shares of NVR stock traded up $104.85 on Friday, reaching $7,351.47. The stock had a trading volume of 17,118 shares, compared to its average volume of 22,076. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a market cap of $21.50 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a 50 day simple moving average of $7,171.58 and a 200 day simple moving average of $7,902.99.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.