Lodge Hill Capital adds NVR (NVR) to its portfolio

NVR (NVR) : Lodge Hill Capital added new position in NVR during the most recent quarter end. The investment management firm now holds 16,476 shares of NVR which is valued at $27,991,571 , the company said in a statement filed on Aug 12, 2016 with the SEC.NVR makes up approximately 4.56% of Lodge Hill Capital’s portfolio.

Other Hedge Funds, Including , Menta Capital sold out all of its stake in NVR during the most recent quarter. The investment firm sold 1,457 shares of NVR which is valued $2,475,341.Fort Washington Investment Advisors Inc Oh reduced its stake in NVR by selling 78 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 1,585 shares of NVR which is valued at $2,692,804. NVR makes up approx 0.05% of Fort Washington Investment Advisors Inc Oh’s portfolio.Kayne Anderson Rudnick Investment Management boosted its stake in NVR in the latest quarter, The investment management firm added 994 additional shares and now holds a total of 39,637 shares of NVR which is valued at $67,581,085. NVR makes up approx 0.99% of Kayne Anderson Rudnick Investment Management’s portfolio. Timber Hill added NVR to its portfolio by purchasing 461 company shares during the most recent quarter which is valued at $788,310. NVR makes up approx 0.06% of Timber Hill’s portfolio.Msi Financial Services Inc reduced its stake in NVR by selling 24 shares or 34.78% in the most recent quarter. The Hedge Fund company now holds 45 shares of NVR which is valued at $76,500.

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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