Shares of the company are trading at $3,190.04 which is quite a bit higher than the 50 day moving average which is $2,869.39 and quite a bit higher than the 200 day moving average of $2,534.44. The 50 day moving average was up $320.65 and the 200 day average went up $655.60 or +25.87%. (NYSE:NVR) shares saw heavy trading volume with 37K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 33.84% over the normal average daily volume.
Short traders are feeling a little more bullish on shares of the company recently if you look at the motion in short interest. The firm experienced a fall in short interest of -18.45% between September 15, 2017 and September 29, 2017. Short shares decreased from 83,304 to 67,933 over that period. With short interest at 67,933 and short average daily volume at 21,815, days to cover is 3.0 and the short interest percentage is 0.02% as of September 29.
These funds have shifted positions in (NVR). Shell Asset Management CO reduced its stake by shedding 166 shares a decrease of 26.2% from 06/30/2017 to 09/30/2017. Shell Asset Management CO now holds 467 shares valued at $1,333,000. The value of the position overall is down by 12.6%. As of quarter end State Treasurer State Of Michigan had disposed of 200 shares trimming its holdings by 13.7%. The value of the total investment in NVR, Inc. went from $3,529,000 to $3,609,000 increasing 2.3% quarter over quarter.
As of the end of the quarter Diamond Hill Capital Management Inc had sold a total of 8,900 shares trimming its stake by 22.3%. The value of the investment in NVR, Inc. decreased from $96,147,000 to $88,462,000 a change of $7,685,000 since the last quarter. Robeco Institutional Asset Management B.v. bolstered its investment by buying 7,867 shares an increase of 1,740.5% in the quarter. Robeco Institutional Asset Management B.v. owns 8,319 shares with a value of $23,752,000. The total value of its holdings increased 2,081.1%.
The P/E ratio is 25.24 and market capitalization is 11.94B. In the last earnings report the EPS was $126.40 and is projected to be $140.65 for the current year with 3,743,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $27.71 with next year’s EPS projected to be $160.51.
NVR, Inc., launched on March 4, 1993, is involved 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 Business’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. The Business’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc. (NVRM). As of December 31, 2016, the Company operated in multiple locations in 14 states and Washington, District of Columbia (D.C.), primarily in the eastern part of the United States. As of December 31, 2016, the Business’s homebuilding business operated under three trade names: Ryan Homes, NVHomes and Heartland Homes. As of December 31, 2016, Ryan Homes operated in 29 metropolitan areas located in Maryland, Virginia, Washington, D.C., West Virginia, Pennsylvania, New York, North Carolina, South Carolina, Florida, Ohio, New Jersey, Delaware, Indiana, Illinois and Tennessee. NVHomes operates in Delaware, and the Washington, D.C., Baltimore, Maryland, Philadelphia, Pennsylvania and Raleigh, North Carolina metropolitan areas. Heartland Homes operates in the Pittsburgh, Pennsylvania metropolitan area..