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

Jacobs Levy Equity Management Inc. decreased its position in NVR, Inc. (NYSE:NVR) by 28.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,247 shares of the construction company’s stock after selling 4,038 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.33% of NVR worth $100,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVR. International Assets Investment Management LLC boosted its holdings in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. Jennison Associates LLC purchased a new stake in NVR during the third quarter valued at about $348,545,000. Mizuho Securities USA LLC raised its position in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after acquiring an additional 16,266 shares in the last quarter. TD Asset Management Inc grew its stake in shares of NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after acquiring an additional 14,167 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after acquiring an additional 8,140 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 0.6 %

NVR stock opened at $9,180.00 on Tuesday. The stock has a market cap of $28.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18. The company has a fifty day moving average price of $9,395.27 and a two-hundred day moving average price of $8,656.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a one year low of $6,286.46 and a one year high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the firm posted $125.26 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts anticipate that NVR, Inc. will post 494.48 EPS for the current year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Bank of America dropped their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8,783.33.

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.