Insider Selling: NVR, Inc. (NYSE:NVR) Director Sells 500 Shares of Stock

NVR, Inc. (NYSE:NVR) Director David A. Preiser sold 500 shares of NVR stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NVR Trading Down 1.3 %

Shares of NVR traded down $101.15 during trading hours on Tuesday, hitting $7,438.85. The company had a trading volume of 22,679 shares, compared to its average volume of 19,132. The firm has a market cap of $23.80 billion, a P/E ratio of 15.62, a P/E/G ratio of 3.17 and a beta of 1.13. 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’s 50 day moving average price is $7,744.98 and its 200 day moving average price is $7,000.03. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the business earned $99.89 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts predict that NVR, Inc. will post 494.66 EPS for the current year.

NVR announced that its board has approved a stock buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVR. UBS Group boosted 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 upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NVR. First Pacific Financial purchased a new stake in NVR in the third quarter worth about $30,000. Valued Wealth Advisors LLC raised its stake in NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after acquiring an additional 2 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR during the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC bought a new position in shares of NVR in the fourth quarter worth approximately $42,000. Finally, Allworth Financial LP raised its position in shares of NVR by 100.0% during the 4th 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. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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.