Hollencrest Capital Management Sells 20 Shares of NVR, Inc. (NYSE:NVR)

Hollencrest Capital Management trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 55.6% during the second quarter, HoldingsChannel reports. The firm owned 16 shares of the construction company’s stock after selling 20 shares during the quarter. Hollencrest Capital Management’s holdings in NVR were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valued Wealth Advisors LLC lifted its stake in NVR by 100.0% in the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of NVR during the 2nd quarter valued at $46,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of NVR during the 2nd quarter worth $53,000. Mather Group LLC. purchased a new stake in NVR in the 1st quarter worth about $73,000. Finally, UMB Bank n.a. increased its holdings in NVR by 57.1% in the 2nd quarter. UMB Bank n.a. now owns 11 shares of the construction company’s stock worth $83,000 after acquiring an additional 4 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

NYSE NVR opened at $9,473.01 on Friday. 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 company has a market cap of $29.68 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.39 and a beta of 1.18. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $9,696.86. The firm’s 50-day simple moving average is $8,798.26 and its two-hundred day simple moving average is $8,058.53.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Research analysts predict that NVR, Inc. will post 500.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alfred E. Festa sold 148 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the sale, the director now owns 173 shares in the company, valued at $1,485,369.35. The disclosure for this sale can be found here. Insiders have sold a total of 648 shares of company stock worth $5,547,709 over the last 90 days. Corporate insiders own 7.00% of the company’s stock.

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.