Everence Capital Management Inc. Invests $409,000 in NVR, Inc. (NYSE:NVR)

Everence Capital Management Inc. acquired a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50 shares of the construction company’s stock, valued at approximately $409,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. acquired a new stake in NVR during the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in NVR during the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC acquired a new position in shares of NVR in the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA boosted its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

NYSE NVR opened at $8,070.60 on Monday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $8,837.07 and a 200 day simple moving average of $8,825.97. The company has a market cap of $24.73 billion, a P/E ratio of 16.50, a PEG ratio of 1.84 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted $125.26 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts predict that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. This represents a 35.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group boosted their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Bank of America dropped their price target on 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. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9,765.00.

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.