NVR, Inc. (NYSE:NVR) Shares Acquired by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC boosted its stake in NVR, Inc. (NYSE:NVR) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94 shares of the construction company’s stock after purchasing an additional 3 shares during the quarter. Evergreen Wealth Management LLC’s holdings in NVR were worth $660,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. Commonwealth Equity Services LLC increased its holdings in shares of NVR by 231.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,837 shares of the construction company’s stock worth $10,955,000 after buying an additional 1,283 shares during the last quarter. SVB Wealth LLC raised its holdings in shares of NVR by 14.0% in the 3rd quarter. SVB Wealth LLC now owns 65 shares of the construction company’s stock worth $388,000 after purchasing an additional 8 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of NVR by 1.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,159 shares of the construction company’s stock valued at $6,911,000 after purchasing an additional 16 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of NVR by 4.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 1,590 shares of the construction company’s stock worth $9,482,000 after purchasing an additional 70 shares during the period. Finally, Brown Advisory Inc. increased its position in NVR by 24.5% during the 3rd quarter. Brown Advisory Inc. now owns 61 shares of the construction company’s stock worth $364,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In related news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 100 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,751,450. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders sold 8,481 shares of company stock worth $62,949,052 over the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NVR Stock Up 1.4 %

NYSE:NVR traded up $107.54 during trading hours on Friday, hitting $7,586.55. The stock had a trading volume of 15,561 shares, compared to its average volume of 19,771. The business has a 50 day simple moving average of $7,745.49 and a two-hundred day simple moving average of $7,036.97. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The company has a market cap of $24.05 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13.

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

NVR announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.