Empowered Funds LLC Takes Position in NVR, Inc. $NVR

Empowered Funds LLC bought a new position in NVR, Inc. (NYSE:NVR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,533 shares of the construction company’s stock, valued at approximately $17,258,000.

Several other institutional investors have also made changes to their positions in NVR. BlackRock Inc. acquired a new stake in NVR during the 2nd quarter valued at $2,004,324,000. Norges Bank acquired a new stake in shares of NVR in the fourth quarter worth $311,496,000. Corient Private Wealth LLC grew its holdings in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares in the last quarter. Caisse de depot et placement du Quebec purchased a new position in shares of NVR during the second quarter valued at $194,114,000. Finally, First Trust Advisors LP raised its position in NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after buying an additional 21,926 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVR shares. Truist Financial reduced their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. UBS Group dropped their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research set a $7,446.00 target price on shares of NVR in a research note on Friday, July 24th. Finally, Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7,224.20.

NVR Price Performance

Shares of NVR stock opened at $6,413.48 on Friday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $6,448.16 and a 200-day simple moving average of $6,562.74. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 10.64 and a beta of 0.91. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $108.54 EPS. On average, sell-side analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Insider Activity

In other news, Director George Oliver bought 63 shares of NVR stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.