NVR, Inc. (NVR) is Smead Capital Management Inc.’s Largest Position

Smead Capital Management Inc. trimmed its position in NVR, Inc. (NYSE:NVR) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,219 shares of the construction company’s stock after selling 4,570 shares during the quarter. NVR makes up approximately 6.4% of Smead Capital Management Inc.’s portfolio, making the stock its biggest holding. Smead Capital Management Inc. owned approximately 1.26% of NVR worth $134,810,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank bought a new position in shares of NVR in the second quarter worth approximately $104,000. US Bancorp DE increased its position in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after purchasing an additional 22 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after purchasing an additional 9 shares during the last quarter. Highstreet Asset Management Inc. bought a new position in shares of NVR in the third quarter worth approximately $228,000. Finally, Advisor Group Inc. increased its position in shares of NVR by 13.9% in the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after purchasing an additional 10 shares during the last quarter. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVR, Inc. (NYSE:NVR) traded down $10.36 during midday trading on Monday, reaching $3,289.64. 18,700 shares of the company’s stock were exchanged, compared to its average volume of 28,033. NVR, Inc. has a twelve month low of $1,510.00 and a twelve month high of $3,362.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.60 and a quick ratio of 1.44. The company has a market capitalization of $12,302.79, a PE ratio of 24.17, a P/E/G ratio of 1.51 and a beta of 0.74.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business earned $28.46 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. sell-side analysts forecast that NVR, Inc. will post 146.44 earnings per share for the current year.

A number of research analysts have commented on NVR shares. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Wells Fargo & Company reiterated a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Finally, MKM Partners reiterated a “neutral” rating on shares of NVR in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. NVR has an average rating of “Buy” and an average price target of $3,111.75.

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In other news, Director Timothy M. Donahue sold 326 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total value of $1,064,999.62. Following the transaction, the director now owns 844 shares in the company, valued at $2,757,238.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eddie Arthur Grier sold 165 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total value of $442,572.90. Following the completion of the sale, the director now directly owns 340 shares of the company’s stock, valued at approximately $911,968.40. The disclosure for this sale can be found here. Insiders sold 5,765 shares of company stock worth $18,538,434 in the last 90 days. Company insiders own 11.30% of the company’s stock.

NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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