NVR, Inc. (NYSE:NVR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in NVR, Inc. (NYSE:NVR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 659 shares of the construction company’s stock after selling 4 shares during the period. Gulf International Bank UK Ltd’s holdings in NVR were worth $3,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVR. Amundi Pioneer Asset Management Inc. lifted its holdings in NVR by 2.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,545 shares of the construction company’s stock valued at $4,275,000 after acquiring an additional 31 shares during the last quarter. US Bancorp DE lifted its holdings in NVR by 15.2% in the first quarter. US Bancorp DE now owns 91 shares of the construction company’s stock valued at $429,000 after acquiring an additional 12 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in NVR by 130.9% in the first quarter. Envestnet Asset Management Inc. now owns 3,412 shares of the construction company’s stock valued at $16,074,000 after acquiring an additional 1,934 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in NVR by 13.6% in the first quarter. IFM Investors Pty Ltd now owns 376 shares of the construction company’s stock valued at $1,771,000 after acquiring an additional 45 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in NVR by 8.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,150 shares of the construction company’s stock valued at $5,418,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 82.30% of the company’s stock.

In related news, insider Eugene James Bredow sold 92 shares of the stock in a transaction on Friday, July 30th. The stock was sold at an average price of $5,260.00, for a total value of $483,920.00. Following the transaction, the insider now owns 918 shares of the company’s stock, valued at $4,828,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Manuel H. Johnson sold 1,000 shares of the stock in a transaction on Friday, August 27th. The shares were sold at an average price of $5,143.21, for a total value of $5,143,210.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $7,200,494. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,392 shares of company stock worth $7,205,130. Insiders own 9.00% of the company’s stock.

NYSE:NVR opened at $5,024.00 on Friday. The company has a quick ratio of 3.57, a current ratio of 5.89 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $5,095.73 and its two-hundred day moving average is $4,911.64. NVR, Inc. has a 52 week low of $3,823.31 and a 52 week high of $5,332.08. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 17.46 and a beta of 1.02.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, July 20th. The construction company reported $82.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $72.43 by $10.02. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. NVR had a return on equity of 37.37% and a net margin of 13.51%. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period last year, the firm earned $42.50 earnings per share. On average, sell-side analysts expect that NVR, Inc. will post 348.1 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 4th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

NVR Profile

NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and Mortgage Banking. The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes.

Further Reading: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.