Alps Advisors Inc. cut its position in shares of NVR Inc. (NYSE:NVR) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 241 shares of the company’s stock after selling 16 shares during the period. Alps Advisors Inc.’s holdings in NVR were worth $429,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in NVR during the first quarter worth about $104,000. Checchi Capital Advisers LLC raised its stake in shares of NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock worth $153,000 after buying an additional 6 shares during the period. Invictus RG raised its stake in shares of NVR by 370.0% in the first quarter. Invictus RG now owns 94 shares of the company’s stock worth $163,000 after buying an additional 74 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of NVR during the first quarter worth $367,000. Finally, Bank of Montreal Can acquired a new stake in shares of NVR during the second quarter worth $381,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
Shares of NVR Inc. (NYSE:NVR) traded down 0.73% on Friday, hitting $1620.09. The stock had a trading volume of 26,541 shares. The firm’s 50-day moving average is $1,663.73 and its 200 day moving average is $1,705.78. NVR Inc. has a 1-year low of $1,462.02 and a 1-year high of $1,845.37. The stock has a market cap of $6.31 billion, a P/E ratio of 16.72 and a beta of 0.47.
NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing analysts’ consensus estimates of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The company earned $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. Equities analysts forecast that NVR Inc. will post $102.14 EPS for the current year.
A number of brokerages have weighed in on NVR. Credit Suisse Group AG restated a “sell” rating on shares of NVR in a research note on Tuesday, July 12th. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. began coverage on NVR in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $1,713.50.
In other NVR news, Director Manuel H. Johnson sold 121 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total value of $205,601.99. Following the completion of the sale, the director now owns 400 shares of the company’s stock, valued at $679,676. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Grady Rosier sold 729 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total value of $1,260,229.59. Following the completion of the sale, the director now directly owns 4,153 shares of the company’s stock, valued at approximately $7,179,332.63. The disclosure for this sale can be found here. 10.20% of the stock is owned by company insiders.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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