Evergreen Wealth Management LLC Buys 12 Shares of NVR, Inc. (NYSE:NVR)

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

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE boosted its stake in shares of NVR by 13.3% in the 1st quarter. US Bancorp DE now owns 204 shares of the construction company’s stock worth $1,652,000 after buying an additional 24 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of NVR during the 1st quarter valued at $923,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of NVR by 1.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after purchasing an additional 71 shares during the period. Intech Investment Management LLC grew its position in NVR by 84.8% during the first quarter. Intech Investment Management LLC now owns 85 shares of the construction company’s stock valued at $688,000 after buying an additional 39 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in NVR by 321.1% during the first quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock worth $116,389,000 after buying an additional 10,958 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, 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 775 shares of company stock worth $7,294,073 in the last three months. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

Shares of NYSE:NVR traded down $153.61 during midday trading on Friday, reaching $9,026.00. 18,205 shares of the company traded hands, compared to its average volume of 19,134. NVR, Inc. has a 12 month low of $6,052.58 and a 12 month high of $9,964.77. The firm’s fifty day moving average price is $9,444.50 and its two-hundred day moving average price is $8,537.55. 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 has a market capitalization of $27.62 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $125.26 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that NVR, Inc. will post 494.87 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on NVR. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group increased their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Bank of America dropped 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 report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8,783.33.

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.