Evergreen Wealth Management LLC Has $660,000 Position in NVR, Inc. (NYSE:NVR)

Evergreen Wealth Management LLC grew its position in shares of NVR, Inc. (NYSE:NVR) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 94 shares of the construction company’s stock after purchasing an additional 3 shares during the period. Evergreen Wealth Management LLC’s holdings in NVR were worth $660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVR. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NVR during the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC bought a new stake in shares of NVR in the fourth quarter worth $42,000. Allworth Financial LP increased its holdings in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in NVR during the 3rd quarter worth $78,000. Finally, GAMMA Investing LLC bought a new position in NVR during the 4th quarter worth $78,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director David A. Preiser sold 500 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now owns 239 shares in the company, valued at approximately $1,813,104.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVR news, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares of the company’s stock, valued at $2,974,700.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,481 shares of company stock worth $62,949,052. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NVR shares. UBS Group increased their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Trading Up 1.4 %

NVR traded up $107.54 during trading on Friday, reaching $7,586.55. 15,561 shares of the stock traded hands, compared to its average volume of 19,771. The stock’s 50-day moving average is $7,745.49 and its 200 day moving average is $7,036.97. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $24.05 billion, a PE ratio of 15.81, a P/E/G ratio of 3.20 and a beta of 1.13.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating the consensus estimate of $103.97 by $12.44. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $99.89 EPS. Equities analysts anticipate that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.