Janney Montgomery Scott LLC Purchases 121 Shares of NVR, Inc. (NYSE:NVR)

Janney Montgomery Scott LLC raised its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 12.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,079 shares of the construction company's stock after purchasing an additional 121 shares during the period. Janney Montgomery Scott LLC's holdings in NVR were worth $10,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. Blue Trust Inc. acquired a new position in shares of NVR during the third quarter valued at $39,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in NVR by 1.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company's stock valued at $44,791,000 after purchasing an additional 71 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of NVR by 3,377.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company's stock worth $19,002,000 after buying an additional 2,432 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company's stock valued at $21,489,000 after buying an additional 1,254 shares during the period. Finally, Swedbank AB acquired a new stake in NVR in the 1st quarter valued at about $931,000. Institutional investors own 83.67% of the company's stock.

Insider Activity

In other news, 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 completion of the sale, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The shares were 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 owns 208 shares in the company, valued at $1,965,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 725 shares of company stock worth $6,668,413 in the last ninety days. Corporate insiders own 7.00% of the company's stock.

NVR Stock Up 0.2 %

NYSE:NVR traded up $18.69 during trading hours on Thursday, hitting $9,221.23. 14,221 shares of the company's stock traded hands, compared to its average volume of 19,148. NVR, Inc. has a twelve month low of $5,818.01 and a twelve month high of $9,964.77. The firm has a market cap of $28.40 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.98 and a beta of 1.20. 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's fifty day moving average price is $9,434.23 and its two-hundred day moving average price is $8,472.38.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 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 analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $125.26 earnings per share. On average, research analysts expect that NVR, Inc. will post 496.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVR. UBS Group lifted their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd.

NVR Company 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.