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

JPMorgan Chase & Co. boosted its stake in NVR, Inc. (NYSE:NVR) by 165.8% during the fourth quarter, according to the company in its most recent filing 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.’s holdings in NVR were worth $302,611,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NVR. Private Trust Co. NA boosted its holdings 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 worth $49,000 after acquiring an additional 2 shares during the period. GAMMA Investing LLC boosted its stake in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after purchasing an additional 2 shares during the period. Crestmont Private Wealth LLC grew its holdings in NVR by 3.9% in the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after buying an additional 2 shares in the last quarter. Lakewood Asset Management LLC increased its position in NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after buying an additional 2 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of NVR by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock worth $294,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

NVR Stock Performance

NVR opened at $7,163.11 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The firm has a market cap of $21.27 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The business’s fifty day moving average is $7,514.50 and its 200-day moving average is $8,487.31.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating 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%. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on NVR. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.