Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 64.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 853 shares of the construction company's stock after selling 1,546 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in NVR were worth $6,179,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Bayforest Capital Ltd bought a new position in NVR in the 1st quarter worth about $283,000. Vestcor Inc grew its holdings in NVR by 13.3% in the 1st quarter. Vestcor Inc now owns 222 shares of the construction company's stock worth $1,608,000 after buying an additional 26 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in NVR in the 1st quarter valued at approximately $268,000. GSA Capital Partners LLP acquired a new stake in NVR in the 1st quarter valued at approximately $768,000. Finally, Federated Hermes Inc. raised its stake in NVR by 4.1% during the 1st quarter. Federated Hermes Inc. now owns 3,733 shares of the construction company's stock valued at $27,043,000 after acquiring an additional 148 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen lowered shares of NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. Finally, UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8,783.33.
View Our Latest Research Report on NVR
NVR Price Performance
NVR stock traded up $211.18 during midday trading on Friday, hitting $7,760.67. The company's stock had a trading volume of 15,030 shares, compared to its average volume of 18,184. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average price is $7,402.55 and its 200-day moving average price is $7,385.07. The company has a market capitalization of $22.66 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 11.03 and a beta of 0.94.
NVR (NYSE:NVR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $120.69 earnings per share. Analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.
NVR declared that its board has authorized a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
NVR Company Profile
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Free Report)
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.
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