Empowered Funds LLC Reduces Stake in NVR, Inc. (NYSE:NVR)

Empowered Funds LLC trimmed its stake in NVR, Inc. (NYSE:NVR) by 67.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 405 shares of the construction company’s stock after selling 838 shares during the quarter. Empowered Funds LLC’s holdings in NVR were worth $3,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. International Assets Investment Management LLC boosted its stake in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after acquiring an additional 237,977 shares during the last quarter. Norges Bank purchased a new position in NVR in the fourth quarter valued at about $246,031,000. Vanguard Group Inc. boosted its stake in NVR by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after acquiring an additional 7,516 shares during the last quarter. Pacer Advisors Inc. boosted its stake in NVR by 25.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company’s stock valued at $194,045,000 after acquiring an additional 5,549 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in NVR by 27.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 13,343 shares of the construction company’s stock valued at $93,407,000 after acquiring an additional 2,884 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NVR shares. UBS Group boosted their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

Insider Buying and Selling

In related news, Chairman Paul C. Saville sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Paul C. Saville sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Preiser sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the sale, the director now directly owns 239 shares in the company, valued at approximately $1,813,104.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,600 shares of company stock valued at $12,233,609. Company insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR traded down $7.62 during midday trading on Friday, hitting $8,062.27. The company’s stock had a trading volume of 23,979 shares, compared to its average volume of 19,932. The stock has a fifty day moving average price of $7,586.61 and a 200 day moving average price of $7,525.13. 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 firm has a market capitalization of $25.23 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 3.35 and a beta of 1.17. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,243.13.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. NVR’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $99.89 EPS. On average, research analysts forecast that NVR, Inc. will post 493.93 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback program on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.