Evergreen Wealth Management LLC Purchases 4 Shares of NVR, Inc. (NYSE:NVR)

Evergreen Wealth Management LLC grew its position in shares of NVR, Inc. (NYSE:NVR) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110 shares of the construction company’s stock after buying an additional 4 shares during the quarter. Evergreen Wealth Management LLC’s holdings in NVR were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NVR. CWM LLC grew its stake in shares of NVR by 40.0% during the third quarter. CWM LLC now owns 21 shares of the construction company’s stock valued at $206,000 after purchasing an additional 6 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of NVR by 13.3% during the third quarter. Exchange Traded Concepts LLC now owns 34 shares of the construction company’s stock valued at $334,000 after purchasing an additional 4 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of NVR during the third quarter valued at approximately $255,000. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter valued at approximately $39,000. Finally, Crew Capital Management Ltd. grew its stake in shares of NVR by 16.7% during the third quarter. Crew Capital Management Ltd. now owns 112 shares of the construction company’s stock valued at $1,099,000 after purchasing an additional 16 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 7.00% of the company’s stock.

NVR Trading Up 0.2 %

NVR opened at $7,359.53 on Monday. The firm’s fifty day moving average is $8,122.07 and its two-hundred day moving average is $8,818.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $22.52 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Equities research analysts anticipate that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

NVR has been the topic of several research analyst reports. Bank of America decreased their price target 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. UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and an average target price of $9,356.67.

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.