Brown Brothers Harriman & Co. Sells 262 Shares of NVR, Inc. (NYSE:NVR)

Brown Brothers Harriman & Co. reduced its stake in NVR, Inc. (NYSE:NVR) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,264 shares of the construction company’s stock after selling 262 shares during the period. Brown Brothers Harriman & Co.’s holdings in NVR were worth $17,180,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in NVR by 0.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock valued at $2,135,000 after purchasing an additional 2 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of NVR by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock worth $1,498,000 after purchasing an additional 2 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of NVR by 0.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 267 shares of the construction company’s stock valued at $2,162,000 after buying an additional 2 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NVR by 0.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 418 shares of the construction company’s stock valued at $3,389,000 after buying an additional 2 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its stake in NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after buying an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, 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 at this hyperlink. In other NVR news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the completion of the transaction, the director now owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. The disclosure for this sale can be found here. Insiders sold 648 shares of company stock worth $5,547,709 over the last quarter. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

NVR stock opened at $9,369.58 on Monday. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $9,423.00. The business’s 50-day moving average price is $8,649.64 and its two-hundred day moving average price is $8,011.78. The firm has a market cap of $28.86 billion, a PE ratio of 19.53, a P/E/G ratio of 2.39 and a beta of 1.18. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.48 billion. As a group, research analysts forecast that NVR, Inc. will post 500.67 earnings per share 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.