Van ECK Associates Corp Has $5.18 Million Stake in NVR, Inc. (NYSE:NVR)

Van ECK Associates Corp trimmed its holdings in NVR, Inc. (NYSE:NVR) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 683 shares of the construction company’s stock after selling 4 shares during the period. Van ECK Associates Corp’s holdings in NVR were worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Banque Cantonale Vaudoise raised its position in shares of NVR by 42.5% in the second quarter. Banque Cantonale Vaudoise now owns 161 shares of the construction company’s stock valued at $1,222,000 after buying an additional 48 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of NVR by 1.6% in the second quarter. Commonwealth Equity Services LLC now owns 1,840 shares of the construction company’s stock valued at $13,963,000 after buying an additional 29 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in NVR by 17.1% during the second quarter. Moloney Securities Asset Management LLC now owns 89 shares of the construction company’s stock valued at $675,000 after purchasing an additional 13 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NVR by 1.3% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 315 shares of the construction company’s stock valued at $2,390,000 after purchasing an additional 4 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in NVR by 8.8% during the second quarter. iA Global Asset Management Inc. now owns 37 shares of the construction company’s stock valued at $281,000 after purchasing an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 1.3 %

Shares of NVR opened at $9,053.67 on Wednesday. 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, Inc. has a 52-week low of $5,210.49 and a 52-week high of $9,360.00. The firm has a market cap of $28.37 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.41 and a beta of 1.17. The business’s fifty day moving average is $8,389.51 and its 200-day moving average is $7,919.43.

NVR (NYSE:NVR) last released 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. Equities analysts anticipate that NVR, Inc. will post 500.67 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 7th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Susan Williamson Ross sold 125 shares of the 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 owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of the business’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 sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated 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 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 three months, insiders have sold 648 shares of company stock worth $5,547,709. Corporate insiders own 7.00% of the company’s stock.

About NVR

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.