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 lessened its position in shares of NVR, Inc. (NYSE:NVR) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds also recently made changes to their positions in NVR. Cresset Asset Management LLC increased its stake in shares of NVR by 1.7% during the second quarter. Cresset Asset Management LLC now owns 120 shares of the construction company’s stock worth $886,000 after purchasing an additional 2 shares during the period. Pure Financial Advisors LLC boosted its stake in NVR by 0.7% in the 3rd quarter. Pure Financial Advisors LLC now owns 308 shares of the construction company’s stock valued at $2,475,000 after purchasing an additional 2 shares during the period. SkyOak Wealth LLC boosted its stake in NVR by 6.9% in the 3rd quarter. SkyOak Wealth LLC now owns 31 shares of the construction company’s stock valued at $249,000 after purchasing an additional 2 shares during the period. Atwater Malick LLC grew its holdings in NVR by 5.9% in the 3rd quarter. Atwater Malick LLC now owns 36 shares of the construction company’s stock valued at $289,000 after buying an additional 2 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in NVR by 18.2% in the 3rd quarter. CoreCap Advisors LLC now owns 13 shares of the construction company’s stock valued at $104,000 after buying an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,120 shares of company stock worth $9,012,736 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $6,669.22 on Friday. The company 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. NVR, Inc. has a fifty-two week low of $6,301.02 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The stock has a fifty day moving average price of $7,207.49 and a 200-day moving average price of $7,435.23.

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

NVR announced that its board has authorized a stock repurchase program on Wednesday, February 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

NVR 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.