Dwight C. Schar Sells 7,163 Shares of NVR, Inc. (NYSE:NVR) Stock

NVR, Inc. (NYSE:NVR) Director Dwight C. Schar sold 7,163 shares of NVR stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $3,436.92, for a total value of $24,618,657.96. Following the completion of the sale, the director now owns 44,230 shares in the company, valued at approximately $152,014,971.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:NVR opened at $3,594.07 on Thursday. The company has a quick ratio of 2.41, a current ratio of 4.73 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $12.59 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.48 and a beta of 0.59. NVR, Inc. has a 52 week low of $2,257.04 and a 52 week high of $3,946.50. The stock’s fifty day moving average is $3,644.56 and its two-hundred day moving average is $3,473.52.

NVR (NYSE:NVR) last posted its quarterly earnings data on Friday, October 18th. The construction company reported $56.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $51.52 by $4.59. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.84 billion. NVR had a return on equity of 41.69% and a net margin of 11.82%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $48.28 EPS. Sell-side analysts anticipate that NVR, Inc. will post 212.33 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. ValuEngine upgraded NVR from a “strong sell” rating to a “sell” rating in a research report on Monday. Evercore ISI upgraded NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Co lifted their target price on NVR from $3,725.00 to $4,000.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Evercore upgraded NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Finally, Bank of America upgraded NVR from a “neutral” rating to a “buy” rating and set a $4,150.00 target price on the stock in a research report on Wednesday, November 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. NVR currently has an average rating of “Buy” and a consensus price target of $3,799.83.

Several hedge funds have recently bought and sold shares of the stock. Miracle Mile Advisors LLC boosted its position in shares of NVR by 0.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 856 shares of the construction company’s stock worth $3,182,000 after acquiring an additional 6 shares in the last quarter. BBVA USA Bancshares Inc. boosted its position in shares of NVR by 4.0% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 1,394 shares of the construction company’s stock worth $5,182,000 after acquiring an additional 54 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of NVR by 32.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 69 shares of the construction company’s stock worth $256,000 after acquiring an additional 17 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of NVR by 19.6% during the 3rd quarter. Montag A & Associates Inc. now owns 171 shares of the construction company’s stock worth $636,000 after acquiring an additional 28 shares in the last quarter. Finally, Unigestion Holding SA boosted its position in shares of NVR by 62.8% during the 3rd quarter. Unigestion Holding SA now owns 3,524 shares of the construction company’s stock worth $13,100,000 after acquiring an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

Further Reading: Bond

Insider Buying and Selling by Quarter for NVR (NYSE:NVR)

Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.