Evergreen Wealth Management LLC Sells 3 Shares of NVR, Inc. (NYSE:NVR)

Evergreen Wealth Management LLC lowered its stake in NVR, Inc. (NYSE:NVR) by 2.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 107 shares of the construction company’s stock after selling 3 shares during the quarter. Evergreen Wealth Management LLC’s holdings in NVR were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Spire Wealth Management grew its position in shares of NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company’s stock worth $456,000 after purchasing an additional 11 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of NVR during the 4th quarter worth approximately $1,701,000. Mirae Asset Global Investments Co. Ltd. raised its position in NVR by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 36 shares in the last quarter. Asset Management One Co. Ltd. raised its position in NVR by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company’s stock valued at $9,237,000 after purchasing an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock traded up $15.34 during trading hours on Friday, hitting $7,453.59. 1,128 shares of the stock traded hands, compared to its average volume of 22,122. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. The firm’s 50 day moving average price is $7,294.08 and its 200-day moving average price is $7,407.95. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 4.02 and a beta of 0.99. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. As a group, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVR. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research report on Monday, June 30th. UBS Group reduced their price target on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9,023.33.

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.