NVR, Inc. (NYSE:NVR - Get Free Report) Chairman Paul C. Saville sold 300 shares of the business's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company's stock, valued at approximately $819,661,081.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NVR Trading Down 0.2 %
Shares of NVR stock traded down $15.51 during mid-day trading on Friday, hitting $7,655.39. The company's stock had a trading volume of 19,665 shares, compared to its average volume of 18,968. The company has a market cap of $24.25 billion, a PE ratio of 15.99, a P/E/G ratio of 3.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The company's fifty day simple moving average is $7,750.96 and its 200-day simple moving average is $7,084.05. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40.
NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating the consensus estimate of $103.97 by $12.44. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. NVR's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $99.89 EPS. As a group, equities research analysts expect that NVR, Inc. will post 487.53 earnings per share for the current fiscal year.
NVR announced that its Board of Directors has approved a share buyback plan 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 plans are generally a sign that the company's management believes its stock is undervalued.
Institutional Trading of NVR
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Valued Wealth Advisors LLC boosted its holdings in NVR by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company's stock worth $32,000 after purchasing an additional 2 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR in the fourth quarter valued at approximately $35,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVR during the 4th quarter valued at approximately $42,000. Allworth Financial LP boosted its holdings in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company's stock worth $56,000 after buying an additional 4 shares during the period. Finally, USA Financial Formulas purchased a new position in NVR in the 4th quarter valued at approximately $63,000. Institutional investors own 83.67% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. UBS Group increased their target price on NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research report on Wednesday, April 24th. StockNews.com raised NVR from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th.
Get Our Latest Stock Analysis on NVR
About NVR
(
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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.
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