NVR, Inc. (NYSE:NVR) Sees Significant Decrease in Short Interest

NVR, Inc. (NYSE:NVR) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 38,400 shares, a drop of 22.0% from the August 15th total of 49,200 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 20,300 shares, the short-interest ratio is currently 1.9 days.

Insider Activity

In related news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the sale, the director now directly owns 391 shares of the company’s stock, valued at $3,325,810.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction on Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the transaction, the director now owns 391 shares in the company, valued at $3,325,810.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,955,000. The disclosure for this sale can be found here. Insiders sold a total of 648 shares of company stock valued at $5,547,709 in the last 90 days. 7.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVR

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in NVR by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock valued at $424,851,000 after purchasing an additional 191 shares in the last quarter. Norges Bank purchased a new stake in NVR during the 4th quarter worth approximately $246,031,000. Marshfield Associates raised its position in shares of NVR by 0.3% in the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after purchasing an additional 96 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of NVR by 3.1% during the 4th quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock valued at $224,994,000 after buying an additional 963 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after buying an additional 906 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Up 2.1 %

Shares of NVR stock traded up $190.20 during mid-day trading on Friday, reaching $9,369.58. The company’s stock had a trading volume of 21,189 shares, compared to its average volume of 19,402. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $28.86 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 2.39 and a beta of 1.18. The company’s 50 day simple moving average is $8,649.64 and its 200-day simple moving average is $8,008.91. NVR has a 12-month low of $5,210.49 and a 12-month high of $9,423.00.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing the consensus estimate of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. On average, research analysts predict that NVR will post 500.67 EPS for the current fiscal year.

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.