Impala Asset Management Lowers stake in NVR (NVR)

NVR (NVR) : Impala Asset Management reduced its stake in NVR by 4.32% during the most recent quarter end. The investment management company now holds a total of 124,839 shares of NVR which is valued at $212,092,722 after selling 5,633 shares in NVR , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.NVR makes up approximately 14.15% of Impala Asset Management’s portfolio.

Other Hedge Funds, Including , Bokf Na reduced its stake in NVR by selling 441 shares or 18.34% in the most recent quarter. The Hedge Fund company now holds 1,963 shares of NVR which is valued at $3,335,000. NVR makes up approx 0.11% of Bokf Na’s portfolio.New York State Common Retirement Fund boosted its stake in NVR in the latest quarter, The investment management firm added 2,640 additional shares and now holds a total of 15,320 shares of NVR which is valued at $26,027,608. NVR makes up approx 0.04% of New York State Common Retirement Fund’s portfolio.Great West Life Assurance Co Can boosted its stake in NVR in the latest quarter, The investment management firm added 1,576 additional shares and now holds a total of 4,224 shares of NVR which is valued at $7,104,557. NVR makes up approx 0.02% of Great West Life Assurance Co Can’s portfolio.Independent Portfolio Consultants boosted its stake in NVR in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 965 shares of NVR which is valued at $1,688,750. NVR makes up approx 0.51% of Independent Portfolio Consultants’s portfolio.

NVR opened for trading at $1679.1 and hit $1687.48 on the upside on Monday, eventually ending the session at $1680.75, with a gain of 0.25% or 4.24 points. The heightened volatility saw the trading volume jump to 13,811 shares. Company has a market cap of $6,548 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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