Marshfield Associates Lowers stake in NVR (NVR)

NVR (NVR) : Marshfield Associates reduced its stake in NVR by 0.88% during the most recent quarter end. The investment management company now holds a total of 50,097 shares of NVR which is valued at $85,111,296 after selling 445 shares in NVR , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NVR makes up approximately 5.77% of Marshfield Associates’s portfolio.

Other Hedge Funds, Including , Jacobs Levy Equity Management Inc boosted its stake in NVR in the latest quarter, The investment management firm added 1,411 additional shares and now holds a total of 14,587 shares of NVR which is valued at $24,782,292. NVR makes up approx 0.49% of Jacobs Levy Equity Management Inc’s portfolio. Trimtabs Asset Management added NVR to its portfolio by purchasing 931 company shares during the most recent quarter which is valued at $1,565,895. NVR makes up approx 0.97% of Trimtabs Asset Management’s portfolio.Lmr Partners Llp reduced its stake in NVR by selling 2,165 shares or 91.2% in the most recent quarter. The Hedge Fund company now holds 209 shares of NVR which is valued at $356,345. NVR makes up approx 0.05% of Lmr Partners Llp’s portfolio. Artemis Investment Management Llp sold out all of its stake in NVR during the most recent quarter. The investment firm sold 8,160 shares of NVR which is valued $13,872,000.

NVR opened for trading at $1690.97 and hit $1694.7 on the upside on Thursday, eventually ending the session at $1690, with a gain of 0.19% or 3.2 points. The heightened volatility saw the trading volume jump to 15,262 shares. Company has a market cap of $6,584 M.

On the company’s financial health, NVR reported $22.01 EPS for the quarter, missing the analyst consensus estimate by $ -4.18 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $26.19. The company had revenue of $1388.00 million for the quarter, compared to analysts expectations of $1389.67 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $21.91 EPS.

NVR Inc. is engaged in the construction and sale of single-family detached homes townhomes and condominium buildings. The Company also operates a mortgage banking and title services business through its wholly owned subsidiary NVR Mortgage Finance Inc. (NVRM). The Company provides single-family detached homes townhomes and condominium buildings with basic home designs. The Company’s home building activities combine traditional transitional cottage or urban exterior designs with contemporary interior designs and amenities which include two to four bedrooms and range from approximately 800 to 7300 square feet. The Company provides mortgage related services to home building customers through mortgage banking operations. The mortgage banking operations include separate subsidiaries that broker title insurance and perform title searches in connection with mortgage loan closings for which they receive commissions and fees.

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