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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