HBK Sorce Advisory LLC Buys 24 Shares of NVR, Inc. (NYSE:NVR)

HBK Sorce Advisory LLC raised its position in shares of NVR, Inc. (NYSE:NVR) by 14.6% during the second quarter, HoldingsChannel reports. The fund owned 188 shares of the construction company’s stock after acquiring an additional 24 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NVR were worth $1,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of NVR by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after acquiring an additional 191 shares during the last quarter. Norges Bank bought a new stake in shares of NVR during the fourth quarter worth $246,031,000. Schroder Investment Management Group boosted its stake in shares of NVR by 3.1% during the fourth quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock valued at $224,994,000 after purchasing an additional 963 shares during the period. TD Asset Management Inc grew its holdings in shares of NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after purchasing an additional 14,167 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in NVR by 98.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after buying an additional 8,684 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

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

NVR Trading Up 2.1 %

Shares of NVR opened at $9,369.58 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32. The firm has a market capitalization of $28.86 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.39 and a beta of 1.18. The company has a 50-day moving average of $8,649.64 and a 200 day moving average of $8,005.67. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $9,423.00.

NVR (NYSE:NVR) last posted its quarterly earnings results 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). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. On average, research analysts expect that NVR, Inc. will post 500.67 EPS for the current year.

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.