Hollencrest Capital Management trimmed its holdings in shares of NVR, Inc. (NYSE:NVR – Free Report) 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.
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.
Further Reading
- Five stocks we like better than NVR
- Short Selling: How to Short a Stock
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- What Are the FAANG Stocks and Are They Good Investments?
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR – Free Report).
Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.