David A. Preiser Sells 500 Shares of NVR, Inc. (NYSE:NVR) Stock

NVR, Inc. (NYSE:NVR - Get Free Report) Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now directly owns 239 shares of the company's stock, valued at $1,813,104.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NVR Trading Down 1.3 %

Shares of NYSE:NVR traded down $101.15 during mid-day trading on Tuesday, reaching $7,438.85. 22,679 shares of the company were exchanged, compared to its average volume of 19,226. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The firm's 50-day simple moving average is $7,744.98 and its 200 day simple moving average is $7,000.03. The firm has a market cap of $23.80 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 3.17 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 (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business earned $99.89 EPS. The company's revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 494.66 EPS for the current year.

NVR announced that its Board of Directors has authorized a share buyback program on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On NVR

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of NVR by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company's stock valued at $2,137,259,000 after buying an additional 7,516 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of NVR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company's stock valued at $424,851,000 after purchasing an additional 191 shares during the period. Invesco Ltd. boosted its holdings in NVR by 11.2% during the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company's stock worth $264,287,000 after buying an additional 4,468 shares in the last quarter. Finally, Smead Capital Management Inc. grew its position in NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company's stock worth $276,385,000 after buying an additional 277 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NVR shares. UBS Group raised their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. StockNews.com raised shares of NVR from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th.

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.