Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Position in NVR, Inc. (NYSE:NVR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in NVR, Inc. (NYSE:NVR) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,399 shares of the construction company’s stock after acquiring an additional 34 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NVR were worth $19,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NVR. International Assets Investment Management LLC increased its stake in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Jennison Associates LLC bought a new position in NVR in the 3rd quarter worth $348,545,000. Mizuho Securities USA LLC increased its stake in NVR by 6,454.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after buying an additional 16,266 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in NVR by 254.1% during the third quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after acquiring an additional 6,363 shares during the period. Finally, KBC Group NV boosted its stake in shares of NVR by 299.9% in the third quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after acquiring an additional 4,216 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Trading Down 1.5 %

Shares of NVR opened at $8,220.68 on Monday. The stock has a market capitalization of $25.16 billion, a PE ratio of 16.81, a P/E/G ratio of 1.67 and a beta of 1.20. The company’s fifty day moving average is $8,525.11 and its 200 day moving average is $8,890.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a fifty-two week low of $6,800.00 and a fifty-two week high of $9,964.77.

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group lowered their target price on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, NVR has a consensus rating of “Hold” and an average price target of $9,531.67.

NVR 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.