Sippican Capital Advisors Lowers stake in NVR (NVR)

NVR (NVR) : Sippican Capital Advisors reduced its stake in NVR by 0.68% during the most recent quarter end. The investment management company now holds a total of 1,749 shares of NVR which is valued at $2,871,508 after selling 12 shares in NVR , the firm said in a disclosure report filed with the SEC on May 9, 2016.NVR makes up approximately 3.68% of Sippican Capital Advisors’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in NVR by selling 414 shares or 38.84% in the most recent quarter. The Hedge Fund company now holds 652 shares of NVR which is valued at $1,070,454. NVR makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in NVR in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 7,194 shares of NVR which is valued at $11,769,384. NVR makes up approx 0.24% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in NVR by selling 10 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 1,220 shares of NVR which is valued at $1,995,920. NVR makes up approx 0.13% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Rhumbline Advisers reduced its stake in NVR by selling 41 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 7,370 shares of NVR which is valued at $12,057,320. NVR makes up approx 0.04% of Rhumbline Advisers’s portfolio.Washington Trust Bank boosted its stake in NVR in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 136 shares of NVR which is valued at $225,935. NVR makes up approx 0.06% of Washington Trust Bank’s portfolio.

NVR closed down -10.2 points or -0.62% at $1641.8 with 32,978 shares getting traded on Friday. Post opening the session at $1646, the shares hit an intraday low of $1631 and an intraday high of $1660.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, NVR reported $15.97 EPS for the quarter, beating the analyst consensus estimate by $ 1.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $14.96. The company had revenue of $1144.00 million for the quarter, compared to analysts expectations of $1152.08 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.22 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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