NVR, Inc. (NYSE:NVR) Director Sells $981,285.00 in Stock

Key Points

• Susan Williamson Ross, a director at NVR, Inc., sold 125 shares of the company stock at an average price of $7,850.28, reducing her ownership by 24.46%.
• NVR reported quarterly earnings of $108.54 EPS, surpassing analyst expectations, but experienced a 0.5% decrease in revenue compared to the previous year.
• The company has initiated a stock repurchase program allowing for the buyback of $750 million in outstanding shares, indicating the board's belief that the stock is undervalued.

NVR, Inc. (NYSE:NVR - Get Free Report) Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NVR Price Performance

Shares of NVR stock traded down $27.39 during midday trading on Thursday, hitting $7,842.82. 6,260 shares of the company were exchanged, compared to its average volume of 23,275. The firm has a 50 day simple moving average of $7,449.71 and a 200-day simple moving average of $7,375.92. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a market cap of $22.90 billion, a P/E ratio of 16.55, a PEG ratio of 11.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $120.69 earnings per share. Research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. UBS Group raised their target price on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, NVR has an average rating of "Hold" and an average price target of $8,783.33.

Hedge Funds Weigh In On NVR

A number of large investors have recently modified their holdings of the stock. Spire Wealth Management lifted its stake in shares of NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after acquiring an additional 11 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of NVR by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after buying an additional 36 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of NVR by 5.2% during the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC raised its holdings in NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after buying an additional 3 shares during the period. Finally, Vise Technologies Inc. lifted its position in NVR by 105.7% in the 4th quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock valued at $892,000 after acquiring an additional 56 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.