Evergreen Wealth Management LLC Has $1.04 Million Position in NVR, Inc. (NYSE:NVR)

Evergreen Wealth Management LLC boosted its stake in NVR, Inc. (NYSE:NVR) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106 shares of the construction company’s stock after purchasing an additional 12 shares during the period. Evergreen Wealth Management LLC’s holdings in NVR were worth $1,036,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of NVR in the third quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in NVR in the 3rd quarter valued at approximately $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR during the 2nd quarter worth approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in NVR during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock valued at $7,294,073 over the last ninety days. 7.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on NVR. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group increased their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8,783.33.

NVR Trading Down 1.7 %

NVR stock traded down $153.61 during trading hours on Friday, reaching $9,026.00. 18,205 shares of the company’s stock were exchanged, compared to its average volume of 19,134. The firm has a market capitalization of $27.62 billion, a PE ratio of 18.47, a PEG ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $9,444.50 and its 200 day simple moving average is $8,537.55. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $125.26 earnings per share. Research analysts predict that NVR, Inc. will post 494.87 earnings per share for the current year.

About NVR

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.