Empirical Finance LLC Raises Holdings in NVR, Inc. (NYSE:NVR)

Empirical Finance LLC lifted its position in shares of NVR, Inc. (NYSE:NVR) by 4.1% in the 3rd quarter, Holdings Channel reports. The fund owned 101 shares of the construction company’s stock after buying an additional 4 shares during the quarter. Empirical Finance LLC’s holdings in NVR were worth $991,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Drive Wealth Management LLC lifted its holdings in NVR by 7.7% during the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock valued at $212,000 after purchasing an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NVR by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock valued at $2,383,000 after buying an additional 2 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in NVR by 8.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock worth $190,000 after buying an additional 2 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after buying an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of a number of analyst reports. UBS Group raised their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, NVR has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Price Performance

Shares of NYSE NVR opened at $9,026.00 on Friday. The stock’s 50-day simple moving average is $9,444.50 and its two-hundred day simple moving average is $8,545.24. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The firm has a market capitalization of $27.62 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company posted $125.26 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that NVR, Inc. will post 494.87 EPS for the current fiscal year.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

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.