NVR Inc. (NVR) Director David A. Preiser Sells 600 Shares of Stock
NVR Inc. (NYSE:NVR) Director David A. Preiser sold 600 shares of NVR stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $1,504.33, for a total value of $902,598.00. Following the completion of the transaction, the director now owns 271 shares of the company’s stock, valued at approximately $407,673.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NVR Inc. (NYSE:NVR) traded up 0.03% during midday trading on Thursday, reaching $1520.41. The company’s stock had a trading volume of 14,170 shares. The firm has a market capitalization of $5.76 billion, a P/E ratio of 15.49 and a beta of 0.51. The company’s 50-day moving average is $1,587.14 and its 200 day moving average is $1,674.74. NVR Inc. has a 52 week low of $1,462.02 and a 52 week high of $1,845.37.
NVR (NYSE:NVR) last announced its earnings results on Thursday, October 20th. The company reported $28.46 earnings per share for the quarter, missing the consensus estimate of $29.46 by $1.00. NVR had a return on equity of 31.70% and a net margin of 7.36%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company posted $27.11 EPS. NVR’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that NVR Inc. will post $99.23 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in NVR. Geode Capital Management LLC increased its stake in shares of NVR by 4.6% in the first quarter. Geode Capital Management LLC now owns 22,369 shares of the company’s stock worth $38,752,000 after buying an additional 977 shares during the last quarter. HBK Investments L P purchased a new stake in shares of NVR during the first quarter worth approximately $676,000. Hennessy Advisors Inc. boosted its position in shares of NVR by 3.2% in the second quarter. Hennessy Advisors Inc. now owns 22,414 shares of the company’s stock worth $39,905,000 after buying an additional 700 shares during the period. HL Financial Services LLC boosted its position in shares of NVR by 0.5% in the second quarter. HL Financial Services LLC now owns 1,730 shares of the company’s stock worth $3,080,000 after buying an additional 8 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of NVR by 5.0% in the second quarter. PNC Financial Services Group Inc. now owns 209 shares of the company’s stock worth $372,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 84.13% of the company’s stock.
Several brokerages recently weighed in on NVR. Zacks Investment Research upgraded NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Wells Fargo & Co. initiated coverage on NVR in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. NVR presently has a consensus rating of “Hold” and a consensus target price of $1,713.50.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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