SeaBridge Investment Advisors LLC Buys 3 Shares of NVR, Inc. (NYSE:NVR)

SeaBridge Investment Advisors LLC grew its position in NVR, Inc. (NYSE:NVR) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 243 shares of the construction company’s stock after purchasing an additional 3 shares during the period. SeaBridge Investment Advisors LLC’s holdings in NVR were worth $1,209,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors bought a new position in NVR during the 1st quarter valued at about $814,468,000. Zurich Insurance Group Ltd FI acquired a new position in shares of NVR in the 1st quarter worth approximately $40,938,000. Thompson Siegel & Walmsley LLC grew its position in NVR by 15,503.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 8,426 shares of the construction company’s stock worth $41,905,000 after acquiring an additional 8,372 shares during the last quarter. Fulcrum Asset Management LLP increased its holdings in NVR by 2,439.2% during the 2nd quarter. Fulcrum Asset Management LLP now owns 6,678 shares of the construction company’s stock valued at $3,556,000 after purchasing an additional 6,415 shares in the last quarter. Finally, Boston Partners raised its position in NVR by 35.7% in the 1st quarter. Boston Partners now owns 24,108 shares of the construction company’s stock valued at $113,572,000 after purchasing an additional 6,337 shares during the last quarter. 82.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Manuel H. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eugene James Bredow sold 300 shares of NVR stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $5,260.00, for a total transaction of $1,578,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,392 shares of company stock worth $7,205,130. Corporate insiders own 9.00% of the company’s stock.

Shares of NVR stock traded down $22.06 during trading hours on Wednesday, hitting $4,936.53. 285 shares of the company’s stock were exchanged, compared to its average volume of 21,312. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.89 and a quick ratio of 3.57. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 17.24 and a beta of 1.02. NVR, Inc. has a 52 week low of $3,823.31 and a 52 week high of $5,332.08. The stock’s 50-day moving average is $5,101.65 and its 200-day moving average is $4,910.68.

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

NVR declared that its board has initiated a share buyback program on Wednesday, August 4th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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