Renaissance Technologies LLC Raises Stock Holdings in NVR, Inc. (NYSE:NVR)

Renaissance Technologies LLC raised its position in shares of NVR, Inc. (NYSE:NVR) by 520.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,480 shares of the construction company’s stock after buying an additional 2,080 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of NVR worth $18,820,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in 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 acquiring an additional 906 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new position in NVR during the second quarter valued at $46,000. Envestnet Asset Management Inc. boosted its holdings in NVR by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 10,759 shares of the construction company’s stock worth $81,645,000 after acquiring an additional 189 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of NVR by 14.6% in the second quarter. HBK Sorce Advisory LLC now owns 188 shares of the construction company’s stock worth $1,427,000 after acquiring an additional 24 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of NVR by 8.7% during the second quarter. Federated Hermes Inc. now owns 2,926 shares of the construction company’s stock valued at $22,204,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,955,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVR news, Director Alfred E. Festa sold 148 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the completion of the sale, the director now directly owns 173 shares in the company, valued at approximately $1,485,369.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 648 shares of company stock valued at $5,547,709. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $9,473.01 on Friday. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $9,696.86. The firm’s 50-day moving average is $8,798.26 and its 200 day moving average is $8,058.53. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.39 and a beta of 1.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $121.65 by ($0.96). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. Sell-side analysts anticipate that NVR, Inc. 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.