Insider Selling: NVR, Inc. (NYSE:NVR) CAO Sells 200 Shares of Stock

NVR, Inc. (NYSE:NVR) CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,771,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NVR Stock Performance

NVR stock opened at $7,670.91 on Friday. The stock’s 50-day moving average is $7,750.96 and its 200-day moving average is $7,084.05. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm earned $99.89 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

NVR has been the subject of a number of research reports. 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 report 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 Trading of NVR

Several large investors have recently made changes to their positions in NVR. Raymond James Financial Services Advisors Inc. lifted its position in NVR by 1.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,159 shares of the construction company’s stock worth $6,911,000 after acquiring an additional 16 shares during the last quarter. Brown Advisory Inc. increased its position in shares of NVR by 24.5% during the third quarter. Brown Advisory Inc. now owns 61 shares of the construction company’s stock worth $364,000 after buying an additional 12 shares during the period. Brighton Jones LLC boosted its holdings in shares of NVR by 8.1% during the 3rd quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock worth $239,000 after buying an additional 3 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of NVR by 3.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 616 shares of the construction company’s stock worth $3,673,000 after acquiring an additional 20 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of NVR in the 3rd quarter worth $352,000. Institutional investors 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.