NYSE:NVRConsumer Durables
Institution Exit And Margin Pressure Put NVR’s Resilience To The Test
Brown Brothers Harriman has exited its position in NYSE:NVR, citing declining margins and slowing demand, and pointing to rotation away from homebuilders.
NVR’s latest quarter showed rising new orders and mortgage banking income alongside margin compression and a sharp drop in backlog.
These developments raise questions about how durable NVR’s business model is as sector conditions get tougher.
For you as an investor, this mix of institutional selling and mixed operating data puts NYSE:NVR...