NVR, Inc. (NYSE:NVR) Short Interest Down 22.0% in August

NVR, Inc. (NYSE:NVR) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 38,400 shares, a drop of 22.0% from the August 15th total of 49,200 shares. Based on an average trading volume of 20,300 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.3% of the company’s shares are sold short.

NVR Trading Up 0.6 %

NVR stock traded up $60.20 during trading hours on Tuesday, hitting $9,485.57. The company had a trading volume of 16,840 shares, compared to its average volume of 19,380. The firm has a market cap of $29.72 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.39 and a beta of 1.18. The company has a 50-day moving average price of $8,689.37 and a two-hundred day moving average price of $8,024.56. NVR has a 1 year low of $5,210.49 and a 1 year high of $9,560.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share 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 firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. On average, sell-side analysts anticipate that NVR will post 500.67 earnings per share for the current year.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Alfred E. Festa sold 148 shares of NVR stock in a transaction on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the completion of the sale, the director now directly owns 173 shares in the company, valued at $1,485,369.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, 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. In the last quarter, insiders sold 648 shares of company stock worth $5,547,709. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVR. Principal Financial Group Inc. raised its stake in NVR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after buying an additional 191 shares in the last quarter. Norges Bank bought a new position in NVR in the fourth quarter worth about $246,031,000. Marshfield Associates raised its holdings in NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after purchasing an additional 96 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of NVR by 3.1% during the fourth quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock valued at $224,994,000 after buying an additional 963 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NVR by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after buying an additional 906 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

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.