NVR, Inc. (NYSE:NVR) Director David A. Preiser Sells 500 Shares

NVR, Inc. (NYSE:NVR) Director David A. Preiser sold 500 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NVR Trading Down 1.3 %

Shares of NVR stock traded down $101.15 on Tuesday, reaching $7,438.85. 22,679 shares of the company were exchanged, compared to its average volume of 19,132. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 3.17 and a beta of 1.13. The stock has a fifty day moving average price of $7,744.98 and a 200-day moving average price of $7,000.03.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company earned $99.89 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that NVR, Inc. will post 494.66 EPS for the current year.

NVR announced that its board has authorized a share buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. UBS Group increased their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

Hedge Funds Weigh In On NVR

Several institutional investors have recently bought and sold shares of the stock. Valued Wealth Advisors LLC raised its stake in shares of NVR by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after buying an additional 2 shares in the last quarter. SkyOak Wealth LLC acquired a new stake in NVR in the first quarter worth about $381,000. Principal Financial Group Inc. boosted its stake in NVR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock valued at $424,851,000 after acquiring an additional 191 shares during the last quarter. Crew Capital Management Ltd. acquired a new stake in shares of NVR during the first quarter worth $640,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of NVR by 34.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 74 shares of the construction company’s stock valued at $599,000 after acquiring an additional 19 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

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.