NVR, Inc. (NVR) VP Sells $3,771,996.25 in Stock
NVR, Inc. (NYSE:NVR) VP Eugene James Bredow sold 1,985 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $1,900.25, for a total transaction of $3,771,996.25. Following the sale, the vice president now directly owns 2,844 shares in the company, valued at $5,404,311. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NVR, Inc. (NYSE:NVR) opened at 1897.32 on Friday. NVR, Inc. has a one year low of $1,478.04 and a one year high of $1,920.52. The stock’s 50 day moving average is $1,782.48 and its 200-day moving average is $1,666.72. The stock has a market cap of $7.01 billion, a P/E ratio of 18.31 and a beta of 0.56.
NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 25th. The company reported $37.80 EPS for the quarter, topping the Zacks’ consensus estimate of $33.09 by $4.71. The business earned $1.75 billion during the quarter, compared to the consensus estimate of $1.70 billion. NVR had a net margin of 7.41% and a return on equity of 32.60%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $31.92 earnings per share. On average, equities analysts forecast that NVR, Inc. will post $128.04 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in NVR during the third quarter valued at about $318,376,000. FMR LLC increased its position in NVR by 9.8% in the fourth quarter. FMR LLC now owns 115,969 shares of the company’s stock valued at $193,552,000 after buying an additional 10,307 shares during the period. Victory Capital Management Inc. increased its position in NVR by 29.3% in the third quarter. Victory Capital Management Inc. now owns 77,417 shares of the company’s stock valued at $126,954,000 after buying an additional 17,541 shares during the period. Canada Pension Plan Investment Board increased its position in NVR by 57.6% in the second quarter. Canada Pension Plan Investment Board now owns 67,250 shares of the company’s stock valued at $119,728,000 after buying an additional 24,590 shares during the period. Finally, Shelton Capital Management bought a new position in NVR during the fourth quarter valued at about $347,000. Institutional investors and hedge funds own 80.47% of the company’s stock.
A number of analysts have recently issued reports on the stock. Bank of America Corporation raised shares of NVR from a “neutral” rating to a “buy” rating in a report on Monday, December 12th. Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $2,187.00 price target on the stock in a report on Saturday, January 28th. Finally, BTIG Research assumed coverage on shares of NVR in a report on Tuesday, February 7th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. NVR currently has a consensus rating of “Hold” and an average target price of $2,187.00.
NVR Company Profile
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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