JPMorgan Chase & Co. Sells 10,804 Shares of NVR, Inc. $NVR

JPMorgan Chase & Co. cut its holdings in NVR, Inc. (NYSE:NVR) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,600 shares of the construction company’s stock after selling 10,804 shares during the period. JPMorgan Chase & Co.’s holdings in NVR were worth $307,247,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NVR. Jump Financial LLC grew its position in NVR by 201.6% during the 1st quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock worth $1,398,000 after acquiring an additional 129 shares during the last quarter. Nomura Holdings Inc. lifted its position in NVR by 39.8% in the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock valued at $992,000 after purchasing an additional 39 shares during the last quarter. Quantum Capital Management LLC NJ boosted its stake in shares of NVR by 60.3% during the first quarter. Quantum Capital Management LLC NJ now owns 10,537 shares of the construction company’s stock valued at $76,334,000 after purchasing an additional 3,965 shares during the period. Candriam S.C.A. grew its holdings in shares of NVR by 86.5% in the first quarter. Candriam S.C.A. now owns 317 shares of the construction company’s stock worth $2,296,000 after purchasing an additional 147 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of NVR in the first quarter worth approximately $724,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group upped their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Bank of America dropped their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8,366.67.

NVR Stock Down 1.8%

Shares of NVR stock opened at $7,258.93 on Tuesday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,376.75. The company has a market cap of $20.61 billion, a P/E ratio of 15.93, a PEG ratio of 9.94 and a beta of 0.93. The company’s fifty day simple moving average is $7,609.58 and its two-hundred day simple moving average is $7,624.74.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm posted $130.50 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael J. Devito acquired 14 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the transaction, the director owned 14 shares in the company, valued at $98,952.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.00% of the company’s stock.

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.