Empirical Financial Services LLC d.b.a. Empirical Wealth Management Trims Stock Position in NVR, Inc. $NVR

Key Points

• Empirical Financial Services LLC reduced its stock position in NVR, Inc. by 22.2%, now holding 664 shares valued at approximately $4.9 million.
• Recent insider sales included CAO Matthew B. Kelpy and Director Susan Williamson Ross, who reduced their stakes by 74.26% and 24.46%, respectively.
• NVR's stock price opened at $8,079.05, with a 52-week range between $6,562.85 and $9,964.77, and analysts have a consensus rating of "Hold" for the stock.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 664 shares of the construction company's stock after selling 189 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in NVR were worth $4,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in NVR by 6.9% during the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after purchasing an additional 2 shares during the period. Salvus Wealth Management LLC increased its position in NVR by 0.6% during the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after purchasing an additional 2 shares during the period. Ballentine Partners LLC increased its position in NVR by 6.7% during the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after purchasing an additional 2 shares during the period. Baird Financial Group Inc. increased its position in NVR by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company's stock worth $362,000 after purchasing an additional 2 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in NVR by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company's stock worth $2,796,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the sale, the director owned 386 shares in the company, valued at $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is owned by insiders.

NVR Price Performance

Shares of NYSE:NVR opened at $8,079.05 on Friday. The business's fifty day moving average price is $8,078.87 and its two-hundred day moving average price is $7,537.92. The stock has a market cap of $23.19 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 11.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.NVR's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $120.69 EPS. On average, analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVR. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group upped their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8,783.33.

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.

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