Gabelli Funds LLC Has $8.80 Million Stake in NVR, Inc. (NYSE:NVR)

Gabelli Funds LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,160 shares of the construction company’s stock after selling 15 shares during the quarter. Gabelli Funds LLC’s holdings in NVR were worth $8,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of NVR by 0.4% during the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after buying an additional 191 shares during the period. Schroder Investment Management Group boosted its position in NVR by 3.1% during the 4th quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock worth $224,994,000 after acquiring an additional 963 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NVR by 3.2% during the 2nd 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 during the last quarter. TD Asset Management Inc grew its stake in shares of NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after acquiring an additional 14,167 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of NVR by 56.0% in the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after purchasing an additional 8,140 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,325,810.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 175 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,989,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction 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 owns 391 shares of the company’s stock, valued at $3,325,810.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 648 shares of company stock worth $5,547,709. Insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $9,707.71 on Tuesday. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.39 and a beta of 1.18. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $9,730.21. The firm has a fifty day simple moving average of $8,859.25 and a 200 day simple moving average of $8,091.38. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing the consensus estimate of $121.65 by ($0.96). The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. Research analysts forecast 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.