Empowered Funds LLC Makes New Investment in NVR, Inc. $NVR

Empowered Funds LLC bought a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,533 shares of the construction company's stock, valued at approximately $17,258,000. Empowered Funds LLC owned 0.10% of NVR at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP grew its holdings in shares of NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company's stock worth $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company's stock worth $75,000 after purchasing an additional 5 shares during the period. Cerity Partners LLC increased its position in NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company's stock worth $3,021,000 after purchasing an additional 30 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company's stock worth $3,316,000 after purchasing an additional 16 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVR

In other NVR news, Director George Oliver purchased 63 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is owned by company insiders.

NVR Price Performance

Shares of NYSE NVR 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 company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 10.64 and a beta of 0.91. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The business has a 50 day simple moving average of $6,448.16 and a 200-day simple moving average of $6,562.74.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR's revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $108.54 earnings per share. As a group, equities research analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial cut their price objective on NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. UBS Group lowered their target price on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Finally, Bank of America decreased their price target on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, NVR currently has an average rating of "Hold" and a consensus target price of $7,224.20.

About NVR

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.

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