Sippican Capital Advisors Reduces Stake in NVR, Inc. (NVR)

Sippican Capital Advisors cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,233 shares of the construction company’s stock after selling 67 shares during the quarter. NVR comprises 4.1% of Sippican Capital Advisors’ portfolio, making the stock its biggest holding. Sippican Capital Advisors’ holdings in NVR were worth $3,412,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in NVR by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 20,757 shares of the construction company’s stock worth $51,299,000 after purchasing an additional 159 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in NVR during the third quarter worth approximately $260,000. Jane Street Group LLC acquired a new stake in NVR during the third quarter worth approximately $413,000. Vident Investment Advisory LLC grew its stake in NVR by 17.2% during the third quarter. Vident Investment Advisory LLC now owns 184 shares of the construction company’s stock worth $455,000 after purchasing an additional 27 shares during the period. Finally, Man Group plc grew its stake in NVR by 2.0% during the third quarter. Man Group plc now owns 1,921 shares of the construction company’s stock worth $4,747,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 79.71% of the company’s stock.

In related news, Director Alexandra A. Jung bought 25 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were bought at an average price of $2,613.68 per share, for a total transaction of $65,342.00. Following the completion of the acquisition, the director now directly owns 25 shares of the company’s stock, valued at $65,342. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Eugene James Bredow sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $2,699.74, for a total value of $2,699,740.00. Following the completion of the transaction, the senior vice president now owns 1,826 shares in the company, valued at approximately $4,929,725.24. The disclosure for this sale can be found here. Insiders sold 25,211 shares of company stock valued at $66,653,412 in the last three months. Insiders own 11.10% of the company’s stock.

NVR stock traded up $7.94 during mid-day trading on Wednesday, reaching $3,030.10. The stock had a trading volume of 5,677 shares, compared to its average volume of 19,597. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 3.96. NVR, Inc. has a fifty-two week low of $2,040.71 and a fifty-two week high of $3,233.00. The stock has a market capitalization of $10.85 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.69 and a beta of 0.67.

NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, January 25th. The construction company reported $58.57 EPS for the quarter, beating the Zacks’ consensus estimate of $50.67 by $7.90. NVR had a return on equity of 48.57% and a net margin of 11.38%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the firm posted $40.16 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 176.78 EPS for the current year.

Several equities research analysts recently commented on the company. Buckingham Research raised their target price on NVR from $3,030.00 to $3,410.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $2,994.83.

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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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