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

Empowered Funds LLC reduced its position in NVR, Inc. (NYSE:NVR - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,352 shares of the construction company's stock after selling 122 shares during the quarter. Empowered Funds LLC's holdings in NVR were worth $13,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVR. CIBC Asset Management Inc boosted its holdings in shares of NVR by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company's stock worth $4,562,000 after purchasing an additional 30 shares during the last quarter. Metis Global Partners LLC lifted its position in NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock worth $1,119,000 after buying an additional 2 shares in the last quarter. Curi RMB Capital LLC boosted its stake in NVR by 1.3% during the third quarter. Curi RMB Capital LLC now owns 382 shares of the construction company's stock worth $3,748,000 after buying an additional 5 shares during the last quarter. Bretton Capital Management LLC purchased a new stake in NVR in the 3rd quarter valued at $6,770,000. Finally, KBC Group NV increased its stake in shares of NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company's stock worth $55,162,000 after acquiring an additional 4,216 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Trading Down 1.6 %

Shares of NVR traded down $146.40 during trading on Friday, reaching $9,033.21. 18,205 shares of the company traded hands, compared to its average volume of 19,134. The stock has a 50-day simple moving average of $9,445.21 and a 200-day simple moving average of $8,527.18. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The stock has a market cap of $27.64 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the firm earned $125.26 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that NVR, Inc. will post 494.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVR shares. StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Four equities research 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.com, NVR currently has a consensus rating of "Hold" and an average target price of $8,783.33.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This represents a 65.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 250 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by company insiders.

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.