Jane Street Group LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 167 shares of the construction company’s stock, valued at approximately $413,000.

A number of other hedge funds also recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of NVR in the second quarter worth $109,000. Cerebellum GP LLC increased its position in shares of NVR by 57.8% in the third quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock worth $175,000 after acquiring an additional 26 shares in the last quarter. WealthPLAN Partners LLC acquired a new stake in shares of NVR in the second quarter worth $220,000. Moneta Group Investment Advisors LLC increased its position in shares of NVR by 102.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 79 shares of the construction company’s stock worth $235,000 after acquiring an additional 40 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of NVR in the third quarter worth $220,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

NYSE NVR opened at $2,586.10 on Friday. NVR, Inc. has a 12 month low of $2,040.71 and a 12 month high of $3,700.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 3.74. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 0.99 and a beta of 0.55.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 18th. The construction company reported $48.28 EPS for the quarter, missing the Zacks’ consensus estimate of $50.94 by ($2.66). NVR had a net margin of 10.10% and a return on equity of 47.30%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $38.02 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. On average, research analysts expect that NVR, Inc. will post 184.39 EPS for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, December 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In other news, insider Robert W. Henley sold 4,203 shares of the firm’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $2,131.63, for a total value of $8,959,240.89. Following the transaction, the insider now directly owns 797 shares in the company, valued at approximately $1,698,909.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey D. Martchek sold 1,699 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $2,482.93, for a total transaction of $4,218,498.07. Following the completion of the transaction, the insider now owns 4,774 shares in the company, valued at $11,853,507.82. The disclosure for this sale can be found here. Insiders have sold a total of 26,163 shares of company stock worth $57,909,385 over the last quarter. 12.00% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on NVR shares. Zacks Investment Research lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of NVR from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. Wells Fargo & Co restated a “market perform” rating and issued a $2,410.00 target price (down from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Bank of America downgraded shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 target price for the company. in a research note on Thursday, October 18th. Finally, Buckingham Research started coverage on shares of NVR in a research note on Friday. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $3,104.33.

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NVR Company Profile

NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and . The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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