Matthew B. Kelpy Sells 600 Shares of NVR (NYSE:NVR) Stock

Key Points

• Matthew B. Kelpy, Chief Accounting Officer of NVR, Inc., sold 600 shares at an average price of $8,100, totaling $4.86 million, and his position decreased by 74.26%.
• NVR reported earnings per share of $108.54 for the last quarter, surpassing analyst expectations and generating $2.55 billion in revenue, although this was a 0.5% decline year-over-year.
• The company's board authorized a $750 million share buyback program, indicating belief that its shares are currently undervalued.

NVR, Inc. (NYSE:NVR - Get Free Report) CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NVR Stock Up 1.3%

Shares of NYSE:NVR traded up $105.4050 during midday trading on Tuesday, hitting $8,257.1450. 22,941 shares of the company's stock traded hands, compared to its average volume of 16,862. The firm's fifty day moving average price is $7,615.04 and its two-hundred day moving average price is $7,360.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a market cap of $23.70 billion, a PE ratio of 17.43, a P/E/G ratio of 11.33 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $120.69 earnings per share. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of NVR

Several institutional investors have recently added to or reduced their stakes in the business. JDM Financial Group LLC acquired a new position in shares of NVR in the 4th quarter valued at about $25,000. AdvisorNet Financial Inc acquired a new position in NVR in the second quarter valued at approximately $30,000. Olde Wealth Management LLC bought a new position in shares of NVR during the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR during the 1st quarter worth approximately $36,000. Finally, Ridgewood Investments LLC lifted its holdings in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVR shares. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. lifted their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group increased their target price on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $8,783.33.

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.