Seven Eight Capital LP Cuts Stock Holdings in NVR, Inc. (NYSE:NVR)

Seven Eight Capital LP lowered its position in NVR, Inc. (NYSE:NVR) by 40.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111 shares of the construction company’s stock after selling 76 shares during the period. Seven Eight Capital LP’s holdings in NVR were worth $842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc boosted its stake in shares of NVR by 22.7% in the 4th quarter. TD Asset Management Inc now owns 9,831 shares of the construction company’s stock worth $68,821,000 after buying an additional 1,819 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in NVR by 1.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock valued at $44,791,000 after purchasing an additional 71 shares during the period. Assenagon Asset Management S.A. increased its position in shares of NVR by 3,377.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after purchasing an additional 2,432 shares during the last quarter. Sei Investments Co. raised its stake in shares of NVR by 89.6% during the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after purchasing an additional 1,254 shares during the period. Finally, UBS Group AG grew its position in NVR by 164.8% during the fourth quarter. UBS Group AG now owns 4,117 shares of the construction company’s stock valued at $28,821,000 after buying an additional 2,562 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 391 shares in the company, valued at approximately $3,325,810.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Susan Williamson Ross sold 125 shares of NVR 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 completion of the transaction, the director now directly owns 391 shares in the company, valued at approximately $3,325,810.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the 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 sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. The disclosure for this sale can be found here. Insiders have sold 648 shares of company stock valued at $5,547,709 in the last 90 days. 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 52 week low of $5,210.49 and a 52 week high of $9,696.86. The firm’s 50-day simple moving average is $8,798.26 and its two-hundred day simple moving average is $8,058.53. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 2.39 and a beta of 1.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84.

NVR (NYSE:NVR) last posted 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 firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. As a group, equities analysts forecast that NVR, Inc. will post 500.67 earnings per share for the current year.

NVR 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.