Jane Street Group LLC Acquires 319 Shares of NVR, Inc. (NYSE:NVR)

Jane Street Group LLC boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 613.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 371 shares of the construction company’s stock after purchasing an additional 319 shares during the period. Jane Street Group LLC’s holdings in NVR were worth $1,748,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVR. Capital International Investors acquired a new position in shares of NVR during the first quarter worth $814,468,000. Norges Bank acquired a new position in shares of NVR during the fourth quarter worth $150,865,000. Price T Rowe Associates Inc. MD increased its holdings in shares of NVR by 120.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,338 shares of the construction company’s stock worth $123,775,000 after buying an additional 16,545 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of NVR during the first quarter worth $40,938,000. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of NVR by 7.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 114,308 shares of the construction company’s stock worth $538,497,000 after buying an additional 7,505 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $5,068.00 price objective for the company in a report on Friday, April 23rd. Wells Fargo & Company assumed coverage on NVR in a report on Wednesday, April 21st. They issued an “equal weight” rating and a $5,000.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $5,273.20.

Shares of NVR stock opened at $4,893.76 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.63 and a current ratio of 5.73. The stock’s 50-day simple moving average is $4,852.07. NVR, Inc. has a 1-year low of $3,500.00 and a 1-year high of $5,308.48. The firm has a market cap of $17.81 billion, a P/E ratio of 19.78 and a beta of 1.01.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 21st. The construction company reported $82.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $72.43 by $10.02. NVR had a return on equity of 33.36% and a net margin of 12.59%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business posted $42.50 EPS. The business’s revenue was up 40.0% compared to the same quarter last year. Analysts forecast that NVR, Inc. will post 320.37 earnings per share for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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