Trading Report: Today: Hennessy Advisors Inc. Sold shares of NVR Inc. (NVR)

Today: Hennessy Advisors Inc. Sold shares of NVR Inc. (NVR)

Hennessy Advisors Inc. decreased its stake in shares of NVR Inc. (NYSE:NVR) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,614 shares of the company’s stock after selling 2,800 shares during the period. Hennessy Advisors Inc.’s holdings in NVR were worth $32,164,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Concert Wealth Management Inc. raised its stake in shares of NVR by 2.3% in the second quarter. Concert Wealth Management Inc. now owns 135 shares of the company’s stock valued at $244,000 after buying an additional 3 shares during the last quarter. Shell Asset Management Co. raised its stake in shares of NVR by 1.5% in the second quarter. Shell Asset Management Co. now owns 273 shares of the company’s stock valued at $486,000 after buying an additional 4 shares during the last quarter. Oakbrook Investments LLC raised its stake in shares of NVR by 1.4% in the second quarter. Oakbrook Investments LLC now owns 355 shares of the company’s stock valued at $632,000 after buying an additional 5 shares during the last quarter. Creative Planning raised its stake in shares of NVR by 0.6% in the second quarter. Creative Planning now owns 805 shares of the company’s stock valued at $1,433,000 after buying an additional 5 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock valued at $153,000 after buying an additional 6 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

NVR Inc. (NYSE:NVR) traded down 0.56% on Monday, reaching $1592.04. The company had a trading volume of 13,852 shares. NVR Inc. has a one year low of $1,462.02 and a one year high of $1,845.37. The company’s 50 day moving average is $1,563.83 and its 200-day moving average is $1,667.52. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 16.22 and a beta of 0.51.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, October 20th. The company reported $28.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $29.46 by $1.00. The company earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.56 billion. NVR had a return on equity of 31.70% and a net margin of 7.36%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $27.11 EPS. On average, equities research analysts expect that NVR Inc. will post $99.23 earnings per share for the current fiscal year.

Several brokerages recently commented on NVR. Wells Fargo & Co. began coverage on NVR in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock. Zacks Investment Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1,713.50.

In other news, Director David A. Preiser sold 600 shares of NVR stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $1,504.33, for a total value of $902,598.00. Following the transaction, the director now owns 271 shares in the company, valued at $407,673.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.20% of the stock is owned by insiders.

About NVR

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. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).

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