JPMorgan Chase & Co. Boosts Stock Position in NVR, Inc. (NYSE:NVR)

JPMorgan Chase & Co. raised its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,920 shares of the construction company's stock after buying an additional 2,206 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of NVR worth $136,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV increased its position in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in NVR in the 3rd quarter valued at about $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter worth approximately $39,000. Private Trust Co. NA increased its stake in shares of NVR by 66.7% during the third 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 during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in NVR during the 3rd quarter valued at about $49,000. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director David A. Preiser sold 250 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now owns 208 shares of the company's stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by insiders.

NVR Price Performance

Shares of NVR traded down $189.01 during mid-day trading on Thursday, hitting $7,989.89. 27,571 shares of the company were exchanged, compared to its average volume of 19,659. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The company has a 50 day moving average of $8,862.25 and a 200-day moving average of $8,805.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock has a market cap of $24.48 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18.

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 for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business posted $125.26 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVR shares. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. UBS Group increased their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a report on Friday, December 13th. Finally, Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9,765.00.

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.