Mackenzie Financial Corp Cuts Stock Holdings in NVR, Inc. (NYSE:NVR)

Mackenzie Financial Corp lowered its stake in NVR, Inc. (NYSE:NVR) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,487 shares of the construction company’s stock after selling 71 shares during the period. Mackenzie Financial Corp’s holdings in NVR were worth $11,284,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Valued Wealth Advisors LLC increased its stake in NVR by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after purchasing an additional 2 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of NVR in the second quarter worth $46,000. Whittier Trust Co. of Nevada Inc. bought a new stake in NVR during the 2nd quarter valued at $53,000. Mather Group LLC. purchased a new stake in NVR during the 1st quarter valued at $73,000. Finally, UMB Bank n.a. grew 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. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $9,734.55 on Monday. The stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.55 and a beta of 1.18. The firm’s 50-day moving average price is $8,956.01 and its two-hundred day moving average price is $8,145.84. 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, Inc. has a 12-month low of $5,210.49 and a 12-month high of $9,820.00.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. As a group, equities analysts predict that NVR, Inc. will post 500.67 earnings per share for the current year.

Insider Activity at NVR

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

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.