Patton Fund Management Inc. Sells 34 Shares of NVR, Inc. (NYSE:NVR)

Patton Fund Management Inc. lowered its holdings in NVR, Inc. (NYSE:NVR) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 656 shares of the construction company’s stock after selling 34 shares during the period. NVR comprises 1.3% of Patton Fund Management Inc.’s holdings, making the stock its 17th largest position. Patton Fund Management Inc.’s holdings in NVR were worth $6,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after purchasing an additional 71 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NVR by 3,377.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock worth $19,002,000 after purchasing an additional 2,432 shares during the last quarter. Sei Investments Co. boosted its position in NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after purchasing an additional 1,254 shares during the last quarter. Swedbank AB purchased a new position in shares of NVR during the 1st quarter valued at $931,000. Finally, Jane Street Group LLC lifted its position in shares of NVR by 1,285.4% during the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after buying an additional 527 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR traded down $75.58 during trading on Thursday, reaching $9,800.00. 2,738 shares of the stock traded hands, compared to its average volume of 19,235. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $9,934.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32. The company has a 50-day moving average of $9,258.33 and a 200-day moving average of $8,306.71. The stock has a market capitalization of $30.70 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. Analysts forecast that NVR, Inc. will post 500.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the sale, the director now owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other NVR news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the transaction, the director now directly owns 391 shares in the company, valued at $3,325,810.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 648 shares of company stock valued at $5,547,709. Corporate insiders own 7.00% of the company’s stock.

NVR Company Profile

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.