Marshfield Associates Has $107.28 Million Position in NVR, Inc. (NVR)
Marshfield Associates reduced its position in NVR, Inc. (NYSE:NVR) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,504 shares of the construction company’s stock after selling 1,093 shares during the period. NVR comprises approximately 8.0% of Marshfield Associates’ holdings, making the stock its 4th largest position. Marshfield Associates owned approximately 1.19% of NVR worth $107,282,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVR. Stifel Financial Corp raised its holdings in NVR by 8.7% in the 1st quarter. Stifel Financial Corp now owns 412 shares of the construction company’s stock worth $851,000 after acquiring an additional 33 shares during the last quarter. SG Americas Securities LLC raised its holdings in NVR by 71.1% in the 1st quarter. SG Americas Securities LLC now owns 385 shares of the construction company’s stock worth $811,000 after acquiring an additional 160 shares during the last quarter. Clinton Group Inc. purchased a new position in NVR in the 1st quarter worth approximately $225,000. Alliancebernstein L.P. raised its holdings in NVR by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 2,894 shares of the construction company’s stock worth $6,097,000 after acquiring an additional 37 shares during the last quarter. Finally, FMR LLC raised its holdings in NVR by 5.6% in the 1st quarter. FMR LLC now owns 122,451 shares of the construction company’s stock worth $257,989,000 after acquiring an additional 6,482 shares during the last quarter. Institutional investors own 79.72% of the company’s stock.
Shares of NVR, Inc. (NYSE:NVR) traded up 0.25% during trading on Friday, reaching $2935.35. 7,036 shares of the company were exchanged. The company’s 50-day moving average is $2,799.43 and its 200 day moving average is $2,480.90. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,968.97. The firm has a market capitalization of $10.99 billion, a PE ratio of 23.22 and a beta of 0.67.
NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $28.63 by $6.56. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $22.01 earnings per share. Equities research analysts expect that NVR, Inc. will post $139.24 EPS for the current fiscal year.
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NVR has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation restated a “buy” rating and issued a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $2,645.00.
In other NVR news, Director Eddie Arthur Grier sold 165 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $2,682.26, for a total value of $442,572.90. Following the completion of the transaction, the director now owns 340 shares of the company’s stock, valued at $911,968.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William Grady Rosier sold 1,250 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the completion of the transaction, the director now directly owns 1,212 shares of the company’s stock, valued at approximately $3,236,609.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,240 shares of company stock valued at $11,355,358. Corporate insiders own 11.30% of the company’s stock.
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).
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