Wedge Capital Management L L P NC trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 12.9% during the fourth quarter, Holdings Channel reports. The firm owned 8,163 shares of the construction company’s stock after selling 1,207 shares during the period. Wedge Capital Management L L P NC’s holdings in NVR were worth $31,088,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new position in shares of NVR in the 2nd quarter worth approximately $175,206,000. State Street Corp grew its position in NVR by 25.2% in the third quarter. State Street Corp now owns 158,286 shares of the construction company’s stock valued at $588,404,000 after acquiring an additional 31,826 shares during the period. BlackRock Inc. raised its stake in NVR by 7.2% during the second quarter. BlackRock Inc. now owns 398,321 shares of the construction company’s stock worth $1,342,443,000 after acquiring an additional 26,640 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NVR by 7.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 190,047 shares of the construction company’s stock valued at $640,506,000 after acquiring an additional 12,746 shares during the period. Finally, Man Group plc lifted its holdings in shares of NVR by 127.5% during the second quarter. Man Group plc now owns 15,283 shares of the construction company’s stock valued at $51,507,000 after acquiring an additional 8,564 shares during the period. Institutional investors own 83.13% of the company’s stock.
In other NVR news, CEO Paul C. Saville sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $3,670.99, for a total value of $6,974,881.00. Following the completion of the sale, the chief executive officer now owns 114,670 shares in the company, valued at approximately $420,952,423.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel David Malzahn sold 1,443 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $3,807.24, for a total transaction of $5,493,847.32. Following the completion of the sale, the chief financial officer now owns 4,014 shares of the company’s stock, valued at approximately $15,282,261.36. The disclosure for this sale can be found here. Insiders sold 21,692 shares of company stock valued at $78,100,018 over the last ninety days. 11.10% of the stock is currently owned by company insiders.
NVR stock opened at $3,903.99 on Thursday. The business has a fifty day moving average price of $3,796.43 and a 200 day moving average price of $3,624.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.73 and a quick ratio of 2.41. NVR, Inc. has a fifty-two week low of $2,452.42 and a fifty-two week high of $3,946.50. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.60 and a beta of 0.58.
NVR (NYSE:NVR) last announced its earnings results on Friday, October 18th. The construction company reported $56.11 EPS for the quarter, topping the consensus estimate of $51.52 by $4.59. NVR had a return on equity of 41.69% and a net margin of 11.82%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $48.28 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts expect that NVR, Inc. will post 215.51 earnings per share for the current fiscal year.
NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.
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