JPMorgan Chase & Co. Has $302.61 Million Stock Position in NVR, Inc. (NYSE:NVR)

JPMorgan Chase & Co. grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 165.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,999 shares of the construction company's stock after buying an additional 23,079 shares during the period. JPMorgan Chase & Co. owned approximately 1.21% of NVR worth $302,611,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in NVR in the third quarter worth about $49,000. EverSource Wealth Advisors LLC grew its holdings in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the last quarter. Quantbot Technologies LP purchased a new stake in NVR in the third quarter valued at about $59,000. Finally, Smartleaf Asset Management LLC raised its position in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by company insiders.

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NVR Price Performance

Shares of NVR traded up $303.39 during trading hours on Friday, reaching $7,413.38. 41,775 shares of the company traded hands, compared to its average volume of 21,940. The stock has a market capitalization of $22.01 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The stock has a fifty day simple moving average of $7,407.03 and a 200 day simple moving average of $8,427.09. NVR, Inc. has a fifty-two week low of $6,918.00 and a fifty-two week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVR. UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $9,356.67.

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.