NVR, Inc. $NVR Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 6.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,396 shares of the construction company’s stock after selling 95 shares during the quarter. Empowered Funds LLC’s holdings in NVR were worth $10,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. Brighton Jones LLC raised its holdings in shares of NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the period. Lindbrook Capital LLC raised its stake in NVR by 42.9% during the first quarter. Lindbrook Capital LLC now owns 30 shares of the construction company’s stock worth $217,000 after purchasing an additional 9 shares during the period. Crestwood Advisors Group LLC purchased a new position in NVR during the first quarter worth about $239,000. HighPoint Advisor Group LLC boosted its holdings in NVR by 4.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 113 shares of the construction company’s stock valued at $804,000 after purchasing an additional 5 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of NVR by 36.4% in the 1st quarter. Choreo LLC now owns 60 shares of the construction company’s stock valued at $435,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito bought 14 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the purchase, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the sale, the director owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVR. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group lifted their target price on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Bank of America lowered their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8,366.67.

NVR Price Performance

NVR opened at $7,141.25 on Wednesday. The stock’s 50-day moving average price is $7,702.44 and its 200 day moving average price is $7,621.03. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,376.75. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last released its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating the consensus estimate of $107.88 by $4.45. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.NVR’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $130.50 EPS. As a group, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

About NVR

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.