Insider Buying: NVR (NYSE:NVR) Director Purchases $405,185.13 in Stock

Key Points

• NVR Director George Oliver bought 63 shares at an average price of $6,431.51, for a total investment of $405,185.13, giving him direct ownership of 63 shares.
• NVR shares rose 1.4% to $6,379.60, though the stock remains below its 50-day and 200-day moving averages and has declined from its 52-week high of $8,618.28.
• The company’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, while analyst sentiment remains mixed: NVR has an average “Hold” rating and a consensus price target of $7,224.20.

NVR, Inc. (NYSE:NVR - Get Free Report) Director George Oliver purchased 63 shares of NVR stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NVR Trading Up 1.4%

Shares of NYSE:NVR traded up $87.32 during midday trading on Tuesday, reaching $6,379.60. The company had a trading volume of 3,703 shares, compared to its average volume of 28,518. The company has a fifty day simple moving average of $6,437.02 and a two-hundred day simple moving average of $6,692.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 10.54 and a beta of 0.91. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company posted $108.54 earnings per share. Research analysts predict that NVR, Inc. will post 371.98 earnings per share for the current year.

Hedge Funds Weigh In On NVR

Several institutional investors have recently added to or reduced their stakes in NVR. Vise Technologies Inc. acquired a new stake in shares of NVR during the second quarter worth approximately $2,174,000. CM Wealth Advisors LLC acquired a new position in shares of NVR in the 2nd quarter worth approximately $273,000. Tocqueville Asset Management L.P. bought a new stake in NVR during the 2nd quarter worth approximately $518,000. West Family Investments Inc. bought a new stake in NVR during the 2nd quarter worth approximately $593,000. Finally, NewEdge Wealth LLC acquired a new stake in NVR during the 2nd quarter valued at $266,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the subject of several research analyst reports. Zacks Research cut shares of NVR from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Bank of America decreased their target price on NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. BTIG Research set a $7,446.00 price target on NVR in a report on Friday, July 24th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7,224.20.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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