Allspring Global Investments Holdings LLC Cuts Holdings in NVR, Inc. (NYSE:NVR)

Allspring Global Investments Holdings LLC decreased its holdings in NVR, Inc. (NYSE:NVR) by 48.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145 shares of the construction company’s stock after selling 135 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NVR were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NVR. Norges Bank bought a new position in shares of NVR in the 4th quarter worth $246,031,000. Acadian Asset Management LLC raised its holdings in NVR by 321.1% in the first quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock worth $116,389,000 after purchasing an additional 10,958 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in NVR by 98.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after purchasing an additional 8,684 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of NVR by 108.3% during the first quarter. Russell Investments Group Ltd. now owns 12,147 shares of the construction company’s stock valued at $98,215,000 after buying an additional 6,315 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of NVR by 27.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 13,343 shares of the construction company’s stock valued at $93,407,000 after buying an additional 2,884 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other 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 transaction of $1,063,238.75. Following the sale, the director now owns 391 shares in the company, valued at $3,325,810.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the completion of the sale, the director now directly owns 391 shares in the company, valued at $3,325,810.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 175 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,989,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 648 shares of company stock worth $5,547,709. 7.00% of the stock is owned by insiders.

NVR Trading Up 1.1 %

NYSE NVR opened at $9,150.40 on Thursday. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $9,360.00. The company has a 50 day moving average price of $8,419.44 and a 200 day moving average price of $7,928.03. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $28.67 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.17.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. As a group, sell-side 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.