Empowered Funds LLC Sells 88 Shares of NVR, Inc. (NYSE:NVR)

Empowered Funds LLC decreased its position in NVR, Inc. (NYSE:NVR) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,264 shares of the construction company’s stock after selling 88 shares during the quarter. Empowered Funds LLC’s holdings in NVR were worth $10,338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. GAMMA Investing LLC increased its holdings in NVR by 13.3% during the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after purchasing an additional 2 shares during the period. IFM Investors Pty Ltd grew its position in shares of NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after buying an additional 2 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after acquiring an additional 2 shares in the last quarter. Private Trust Co. NA lifted its stake in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the period. Finally, Crestmont Private Wealth LLC boosted its holdings in NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Trading Down 2.3 %

NYSE:NVR opened at $7,560.51 on Monday. The firm has a market capitalization of $23.14 billion, a P/E ratio of 14.90, a PEG ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77. The company’s 50-day simple moving average is $8,288.68 and its 200 day simple moving average is $8,860.32.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. As a group, analysts forecast that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on NVR. Bank of America decreased their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9,356.67.

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.