NVR, Inc. (NYSE:NVR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 84.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 483 shares of the construction company's stock after selling 2,541 shares during the period. Jane Street Group LLC's holdings in NVR were worth $3,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Peak Financial Advisors LLC purchased a new position in NVR in the 4th quarter valued at $1,235,000. OLD Mission Capital LLC acquired a new position in NVR during the fourth quarter worth about $1,701,000. Markel Group Inc. grew its stake in NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after acquiring an additional 110 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after acquiring an additional 644 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after purchasing an additional 1,549 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent research reports. UBS Group lowered their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Stock Down 3.2%

Shares of NVR stock traded down $235.03 on Wednesday, reaching $7,167.61. 17,807 shares of the stock were exchanged, compared to its average volume of 22,089. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.39 and a beta of 1.02. The business's 50 day moving average price is $7,181.77 and its 200 day moving average price is $7,922.51. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77.

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

NVR announced that its board has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

About NVR

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.