Empowered Funds LLC Acquires 227 Shares of NVR, Inc. $NVR

Key Points

• Empowered Funds LLC increased its stake in NVR, Inc. by 18.0%, holding 1,491 shares valued at approximately $10.8 million by the end of the first quarter of 2023.
• Goldman Sachs Group Inc. significantly raised its position in NVR by 31.8%, now owning 16,224 shares worth about $117.5 million.
• Recent analyst ratings show mixed sentiment, with Wall Street Zen upgrading NVR from a "sell" to a "hold", reflecting an average target price of $8,783.33.

Empowered Funds LLC lifted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 18.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,491 shares of the construction company's stock after purchasing an additional 227 shares during the period. Empowered Funds LLC owned 0.05% of NVR worth $10,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Boston Partners increased its stake in shares of NVR by 14.0% in the 1st quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after purchasing an additional 7,233 shares in the last quarter. Siemens Fonds Invest GmbH increased its stake in NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after buying an additional 57,236 shares in the last quarter. Principal Financial Group Inc. increased its stake in NVR by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after buying an additional 2,814 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after buying an additional 15,405 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group increased their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NVR currently has an average rating of "Hold" and an average target price of $8,783.33.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 over the last 90 days. Insiders own 7.00% of the company's stock.

NVR Trading Down 1.3%

Shares of NYSE:NVR traded down $109.19 during trading on Friday, reaching $8,423.79. The company's stock had a trading volume of 15,875 shares, compared to its average volume of 16,811. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The firm's 50 day simple moving average is $7,942.46 and its two-hundred day simple moving average is $7,461.90. The stock has a market capitalization of $24.18 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 11.86 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly 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. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the firm earned $120.69 EPS. The firm's revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.