NVR, Inc. (NYSE:NVR) CAO Sells $4,860,000.00 in Stock
NVR, Inc. (NYSE:NVR – Get Free Report) CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NVR Stock Performance
NYSE NVR opened at $8,212.41 on Friday. The firm has a market capitalization of $23.57 billion, a P/E ratio of 17.33, a P/E/G ratio of 11.87 and a beta of 0.94. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The business’s 50-day simple moving average is $7,554.62 and its 200-day simple moving average is $7,361.57.
NVR (NYSE:NVR – Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $120.69 EPS. Equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.
NVR declared that its board has authorized a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research firms have commented on NVR. UBS Group lifted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8,783.33.
Check Out Our Latest Research Report on NVR
Institutional Trading of NVR
Large investors have recently bought and sold shares of the company. JDM Financial Group LLC acquired a new stake in NVR during the 4th quarter valued at $25,000. AdvisorNet Financial Inc acquired a new stake in NVR during the 2nd quarter valued at $30,000. Olde Wealth Management LLC acquired a new stake in NVR during the 1st quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in NVR during the 1st quarter valued at $36,000. Finally, Ridgewood Investments LLC grew its holdings in NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.
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.
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