The Jacobs Levy Equity Management Inc. Buys 6,604 Shares of NVR Inc. (NVR)

The Jacobs Levy Equity Management Inc. Buys 6,604 Shares of NVR Inc. (NVR)

Jacobs Levy Equity Management Inc. increased its stake in shares of NVR Inc. (NYSE:NVR) by 45.3% during the third quarter, Holdings Channel reports. The institutional investor owned 21,191 shares of the company’s stock after buying an additional 6,604 shares during the period. NVR comprises approximately 0.6% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 28th largest position. Jacobs Levy Equity Management Inc. owned approximately 0.56% of NVR worth $34,750,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVR. Advantus Capital Management Inc increased its stake in shares of NVR by 12.6% in the third quarter. Advantus Capital Management Inc now owns 447 shares of the company’s stock valued at $733,000 after buying an additional 50 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of NVR during the third quarter valued at about $461,000. HighVista Strategies LLC bought a new stake in shares of NVR during the third quarter valued at about $1,246,000. HighTower Advisors LLC increased its stake in shares of NVR by 181.7% in the third quarter. HighTower Advisors LLC now owns 338 shares of the company’s stock valued at $554,000 after buying an additional 218 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of NVR by 1.6% in the third quarter. Hsbc Holdings PLC now owns 7,759 shares of the company’s stock valued at $12,724,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

NVR Inc. (NYSE:NVR) opened at 1686.97 on Thursday. NVR Inc. has a 52-week low of $1,478.04 and a 52-week high of $1,845.37. The stock has a market capitalization of $6.39 billion, a PE ratio of 17.19 and a beta of 0.53. The firm has a 50-day moving average of $1,656.33 and a 200-day moving average of $1,652.41.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 20th. The company reported $28.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.46 by $1.00. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.56 billion. NVR had a net margin of 7.36% and a return on equity of 31.70%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $27.11 EPS. On average, equities analysts expect that NVR Inc. will post $99.25 EPS for the current year.

Several analysts recently issued reports on the company. Bank of America Corp. upgraded NVR from a “neutral” rating to a “buy” rating in a report on Monday, December 12th. Zacks Investment Research raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Tuesday, November 29th. Finally, Wells Fargo & Co. started coverage on shares of NVR in a research report on Wednesday, September 28th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. NVR has a consensus rating of “Hold” and a consensus price target of $1,814.50.

In other NVR news, Director David A. Preiser sold 600 shares of NVR stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $1,504.33, for a total transaction of $902,598.00. Following the completion of the sale, the director now owns 271 shares of the company’s stock, valued at approximately $407,673.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.20% of the company’s stock.

NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).

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