Empirical Finance LLC Purchases 2 Shares of NVR, Inc. (NYSE:NVR)

Empirical Finance LLC boosted its position in NVR, Inc. (NYSE:NVR) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 103 shares of the construction company’s stock after purchasing an additional 2 shares during the period. Empirical Finance LLC’s holdings in NVR were worth $842,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares during the last quarter. Jennison Associates LLC bought a new stake in NVR in the 3rd quarter valued at $348,545,000. Mizuho Securities USA LLC lifted its holdings in NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NVR by 254.1% during the third quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock worth $87,001,000 after purchasing an additional 6,363 shares during the period. Finally, KBC Group NV increased its holdings in shares of NVR by 299.9% in the third quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after purchasing an additional 4,216 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVR. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group upped their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Bank of America decreased their price objective 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. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four 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, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Down 0.7 %

Shares of NVR stock opened at $7,508.01 on Tuesday. The stock has a market cap of $23.00 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. NVR, Inc. has a 1 year low of $7,227.09 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 50 day simple moving average of $8,255.24 and a 200 day simple moving average of $8,853.62.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

NVR Company 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.