Empirical Finance LLC Has $991,000 Holdings in NVR, Inc. (NYSE:NVR)

Empirical Finance LLC grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 4.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101 shares of the construction company’s stock after buying an additional 4 shares during the period. 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 modified their holdings of the company. International Assets Investment Management LLC boosted its stake in NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of NVR by 143.8% during the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after purchasing an additional 14,167 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of NVR by 98.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after purchasing an additional 8,684 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after buying an additional 8,140 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after buying an additional 6,363 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $9,026.00 on Friday. NVR, Inc. has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The stock has a market cap of $27.62 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The stock’s fifty day simple moving average is $9,444.50 and its two-hundred day simple moving average is $8,545.24.

NVR (NYSE:NVR) last released its quarterly earnings results 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). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $125.26 earnings per share. As a group, analysts forecast that NVR, Inc. will post 494.87 EPS for the current fiscal year.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NVR shares. Bank of America cut their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group lifted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $8,783.33.

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.