Bremer Trust National Association buys $5,222,397 stake in NVR (NVR)

NVR (NVR) : Bremer Trust National Association scooped up 17 additional shares in NVR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 2,931 shares of NVR which is valued at $5,222,397.NVR makes up approximately 1.49% of Bremer Trust National Association’s portfolio.

NVR closed down -1.78 points or -0.10% at $1780 with 23,461 shares getting traded on Monday. Post opening the session at $1772.49, the shares hit an intraday low of $1750.05 and an intraday high of $1788.91 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in NVR in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 1,604 shares of NVR which is valued at $2,857,975. NVR makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Creative Planning reduced its stake in NVR by selling 75 shares or 8.57% in the most recent quarter. The Hedge Fund company now holds 800 shares of NVR which is valued at $1,412,000. NVR makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, NVR reported $31.92 EPS for the quarter, beating the analyst consensus estimate by $ 1.90 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $30.02. The company had revenue of $1555.30 million for the quarter, compared to analysts expectations of $1519.11 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $23.24 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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