Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in NVR, Inc. (NYSE:NVR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of NVR, Inc. (NYSE:NVR) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,113 shares of the construction company’s stock after buying an additional 76 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NVR were worth $14,792,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NVR during the 4th quarter worth $35,000. Criterion Capital Advisors LLC acquired a new stake in NVR in the 4th quarter valued at about $42,000. Allworth Financial LP raised its position in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares during the last quarter. GAMMA Investing LLC acquired a new position in NVR during the fourth quarter worth about $78,000. Finally, Planned Solutions Inc. acquired a new stake in shares of NVR in the fourth quarter valued at approximately $91,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVR

In other news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares in the company, valued at $95,802,631.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,684,750. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last three months, insiders sold 8,481 shares of company stock worth $62,949,052. Corporate insiders own 7.00% of the company’s stock.

NVR Trading Up 0.5 %

Shares of NVR traded up $38.28 during mid-day trading on Monday, reaching $7,624.83. The company had a trading volume of 11,798 shares, compared to its average volume of 19,000. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The stock has a market cap of $24.17 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. The firm has a fifty day simple moving average of $7,745.49 and a 200-day simple moving average of $7,046.06. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the business earned $99.89 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that NVR, Inc. will post 487.53 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

NVR has been the topic of a number of analyst reports. UBS Group increased their target price on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

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.