Montgomery Investment Management Inc Lowers stake in NVR (NVR)

NVR (NVR) : Montgomery Investment Management Inc reduced its stake in NVR by 2.53% during the most recent quarter end. The investment management company now holds a total of 3,850 shares of NVR which is valued at $6,540,881 after selling 100 shares in NVR , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.NVR makes up approximately 3.12% of Montgomery Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in NVR by selling 128 shares or 4.37% in the most recent quarter. The Hedge Fund company now holds 2,801 shares of NVR which is valued at $4,758,703. NVR makes up approx 0.06% of Texas Permanent School Fund’s portfolio.Dimensional Fund Advisors Lp reduced its stake in NVR by selling 1,383 shares or 6.3% in the most recent quarter. The Hedge Fund company now holds 20,560 shares of NVR which is valued at $35,054,800. NVR makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio. Investors Capital Advisory Services sold out all of its stake in NVR during the most recent quarter. The investment firm sold 123 shares of NVR which is valued $206,880.Creative Planning boosted its stake in NVR in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 805 shares of NVR which is valued at $1,446,585. NVR makes up approx 0.01% of Creative Planning’s portfolio.

NVR opened for trading at $1673.2 and hit $1688.61 on the upside on Friday, eventually ending the session at $1682, with a gain of 0.10% or 1.64 points. The heightened volatility saw the trading volume jump to 16,220 shares. Company has a market cap of $6,553 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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