Jennison Associates LLC Acquires Shares of 35,523 NVR, Inc. (NYSE:NVR)

Jennison Associates LLC bought a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,523 shares of the construction company's stock, valued at approximately $348,545,000. Jennison Associates LLC owned 1.15% of NVR as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Drive Wealth Management LLC increased its holdings in NVR by 7.7% in the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock valued at $212,000 after purchasing an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of NVR by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock valued at $2,383,000 after acquiring an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of NVR by 8.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock valued at $190,000 after acquiring an additional 2 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after acquiring an additional 2 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Up 0.2 %

Shares of NYSE:NVR traded up $16.59 during midday trading on Wednesday, reaching $8,971.72. The company had a trading volume of 17,601 shares, compared to its average volume of 19,168. The business's 50 day moving average price is $9,435.69 and its 200 day moving average price is $8,572.27. NVR, Inc. has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. 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 stock has a market cap of $27.45 billion, a PE ratio of 18.31, a P/E/G ratio of 1.94 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVR. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, NVR has a consensus rating of "Hold" and an average price target of $8,783.33.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 in the last quarter. Company 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.