Redwood Wealth Management Group LLC Makes New $46,000 Investment in NVR, Inc. (NYSE:NVR)

Redwood Wealth Management Group LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 6 shares of the construction company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in NVR by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 10,759 shares of the construction company’s stock valued at $81,645,000 after acquiring an additional 189 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of NVR by 14.6% in the 2nd quarter. HBK Sorce Advisory LLC now owns 188 shares of the construction company’s stock valued at $1,427,000 after purchasing an additional 24 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of NVR by 8.7% during the 2nd quarter. Federated Hermes Inc. now owns 2,926 shares of the construction company’s stock worth $22,204,000 after purchasing an additional 233 shares during the period. DekaBank Deutsche Girozentrale increased its position in NVR by 2.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,595 shares of the construction company’s stock worth $19,887,000 after purchasing an additional 74 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its holdings in NVR by 5.1% in the second quarter. Achmea Investment Management B.V. now owns 1,709 shares of the construction company’s stock valued at $12,969,000 after buying an additional 83 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Up 2.1 %

Shares of NVR stock opened at $9,369.58 on Monday. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $9,423.00. The firm’s 50 day moving average price is $8,649.64 and its two-hundred day moving average price is $8,011.78. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.39 and a beta of 1.18.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing the consensus estimate of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. On average, analysts anticipate that NVR, Inc. will post 500.67 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 175 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,989,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NVR news, CAO Matthew B. Kelpy sold 175 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,989,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,955,000. The disclosure for this sale can be found here. Insiders have sold a total of 648 shares of company stock worth $5,547,709 over the last quarter. 7.00% of the stock is owned by corporate insiders.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.