Jane Street Group LLC Reduces Stock Holdings in NVR, Inc. (NYSE:NVR)

Jane Street Group LLC trimmed its position in NVR, Inc. (NYSE:NVR - Free Report) by 61.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,024 shares of the construction company's stock after selling 4,836 shares during the quarter. Jane Street Group LLC owned 0.10% of NVR worth $29,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after buying an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA boosted its holdings in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after buying an additional 2 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of NVR during the 2nd quarter valued at $46,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

NVR traded up $167.09 during midday trading on Monday, hitting $9,113.42. 18,965 shares of the company traded hands, compared to its average volume of 19,357. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $27.89 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. The company's 50-day moving average is $9,337.83 and its 200 day moving average is $8,707.05. NVR, Inc. has a 52 week low of $6,452.58 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. NVR's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $125.26 EPS. On average, research analysts expect that NVR, Inc. will post 494.48 EPS for the current year.

Insider Transactions at NVR

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Bank of America dropped their price target on shares of 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 cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, UBS Group upped their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd.

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.