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

Jennison Associates LLC bought a new stake in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,523 shares of the construction company’s stock, valued at approximately $348,545,000. Jennison Associates LLC owned approximately 1.15% of NVR as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its position in shares of NVR by 100.0% during the third 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 in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter worth $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR during the second quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of NVR during the second quarter worth $53,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Up 1.0 %

NVR stock opened at $8,955.13 on Wednesday. The company has a market cap of $27.40 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. NVR, Inc. has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. The company has a fifty day simple moving average of $9,435.69 and a 200 day simple moving average of $8,572.27. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVR. UBS Group increased their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. 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 research report on Wednesday, October 23rd. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8,783.33.

Insider Buying and Selling at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the 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 completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 over the last quarter. 7.00% of the stock is currently owned by insiders.

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.