Giverny Capital Inc. raised its stake in shares of NVR, Inc. (NYSE:NVR) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,312 shares of the construction company’s stock after buying an additional 593 shares during the quarter. NVR comprises about 4.9% of Giverny Capital Inc.’s investment portfolio, making the stock its 6th biggest position. Giverny Capital Inc. owned about 0.39% of NVR worth $48,235,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. US Bancorp DE boosted its holdings in shares of NVR by 3.8% during the second quarter. US Bancorp DE now owns 81 shares of the construction company’s stock worth $272,000 after purchasing an additional 3 shares during the last quarter. Advisory Services Network LLC boosted its holdings in NVR by 3.8% in the second quarter. Advisory Services Network LLC now owns 193 shares of the construction company’s stock valued at $650,000 after acquiring an additional 7 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in NVR by 8.3% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91 shares of the construction company’s stock valued at $307,000 after acquiring an additional 7 shares during the last quarter. Pitcairn Co. boosted its holdings in NVR by 4.3% in the second quarter. Pitcairn Co. now owns 195 shares of the construction company’s stock valued at $658,000 after acquiring an additional 8 shares during the last quarter. Finally, National Asset Management Inc. boosted its holdings in NVR by 10.5% in the first quarter. National Asset Management Inc. now owns 105 shares of the construction company’s stock valued at $291,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.36% of the company’s stock.

In other news, CEO Paul C. Saville sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $3,502.83, for a total transaction of $70,056,600.00. Following the completion of the transaction, the chief executive officer now directly owns 132,770 shares in the company, valued at $465,070,739.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Elliott Andrews sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $3,581.49, for a total value of $6,983,905.50. Following the transaction, the director now owns 2,988 shares of the company’s stock, valued at $10,701,492.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,561 shares of company stock valued at $114,955,340. Insiders own 11.10% of the company’s stock.

A number of brokerages recently weighed in on NVR. Buckingham Research lifted their target price on NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Evercore ISI raised NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Co raised their price objective on NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. They noted that the move was a valuation call. ValuEngine lowered NVR from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Evercore raised NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. NVR currently has an average rating of “Buy” and an average price target of $3,537.33.

NVR stock traded up $22.94 during midday trading on Friday, reaching $3,703.00. The company had a trading volume of 12 shares, compared to its average volume of 21,955. The company has a quick ratio of 2.14, a current ratio of 4.29 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $3,519.49 and a 200 day moving average price of $3,223.38. NVR, Inc. has a fifty-two week low of $2,040.71 and a fifty-two week high of $3,770.00. The firm has a market capitalization of $13.43 billion, a PE ratio of 18.92, a P/E/G ratio of 1.64 and a beta of 0.62.

NVR (NYSE:NVR) last issued its earnings results on Friday, July 19th. The construction company reported $53.09 EPS for the quarter, beating the Zacks’ consensus estimate of $44.87 by $8.22. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. NVR had a return on equity of 44.03% and a net margin of 11.54%. NVR’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $49.05 earnings per share. Research analysts predict that NVR, Inc. will post 209.1 EPS for the current year.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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