Sippican Capital Advisors Decreases Position in NVR Inc. (NVR)
Sippican Capital Advisors decreased its stake in shares of NVR Inc. (NYSE:NVR) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,744 shares of the company’s stock after selling 5 shares during the period. NVR makes up about 3.7% of Sippican Capital Advisors’ holdings, making the stock its largest position. Sippican Capital Advisors’ holdings in NVR were worth $3,105,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Acrospire Investment Management LLC acquired a new stake in shares of NVR during the first quarter valued at approximately $104,000. Checchi Capital Advisers LLC raised its position in shares of NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock valued at $153,000 after buying an additional 6 shares during the last quarter. Invictus RG raised its position in shares of NVR by 370.0% in the first quarter. Invictus RG now owns 94 shares of the company’s stock valued at $163,000 after buying an additional 74 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of NVR during the first quarter valued at about $367,000. Finally, Bank of Montreal Can purchased a new position in shares of NVR during the second quarter valued at about $381,000. Institutional investors own 81.96% of the company’s stock.
Shares of NVR Inc. (NYSE:NVR) traded up 0.24% during mid-day trading on Thursday, hitting $1655.00. The stock had a trading volume of 18,079 shares. The firm has a market cap of $6.45 billion, a PE ratio of 17.08 and a beta of 0.50. The stock’s 50-day moving average price is $1,683.28 and its 200-day moving average price is $1,708.75. NVR Inc. has a 52-week low of $1,462.02 and a 52-week high of $1,845.37.
NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.00 by $3.99. NVR had a net margin of 7.53% and a return on equity of 32.00%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. On average, analysts anticipate that NVR Inc. will post $102.08 earnings per share for the current fiscal year.
Several brokerages have issued reports on NVR. Credit Suisse Group AG reiterated a “sell” rating on shares of NVR in a report on Tuesday, June 28th. Zacks Investment Research upgraded NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1,713.50.
In related 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 transaction of $205,601.99. Following the transaction, the director now owns 400 shares in the company, valued at approximately $679,676. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Grady Rosier sold 729 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total value of $1,260,229.59. Following the transaction, the director now owns 4,153 shares in the company, valued at approximately $7,179,332.63. The disclosure for this sale can be found here. Corporate insiders own 10.20% of the company’s stock.
NVR Company Profile
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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