Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 81 Shares of NVR, Inc. $NVR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its holdings in NVR, Inc. (NYSE:NVR) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 519 shares of the construction company’s stock after selling 81 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NVR were worth $3,785,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State of Wyoming bought a new position in NVR in the second quarter valued at $44,000. USA Financial Formulas lifted its position in NVR by 75.0% during the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares in the last quarter. Zions Bancorporation National Association UT lifted its position in NVR by 600.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after buying an additional 6 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of NVR during the 3rd quarter worth about $56,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of NVR in the 2nd quarter valued at about $59,000. Institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVR. Truist Financial started coverage on NVR in a research report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 target price on the stock. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, NVR presently has an average rating of “Hold” and an average price target of $8,182.83.

NVR Stock Up 0.1%

Shares of NVR stock opened at $6,669.22 on Friday. NVR, Inc. has a 52-week low of $6,301.02 and a 52-week high of $8,618.28. The stock has a market cap of $18.54 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.27 and a beta of 1.07. The firm’s 50-day moving average is $7,207.49 and its 200-day moving average is $7,435.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $139.93 earnings per share. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has initiated a share repurchase program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the transaction, the director directly owned 386 shares of the company’s stock, valued at approximately $3,088,000. The trade was a 36.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,120 shares of company stock valued at $9,012,736 over the last quarter. 7.00% of the stock is currently owned by corporate insiders.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.