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

NVR, Inc. (NYSE:NVR) Director David A. Preiser sold 500 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

NVR Trading Down 1.3 %

Shares of NYSE NVR opened at $7,438.85 on Wednesday. The firm has a market capitalization of $23.80 billion, a PE ratio of 15.51, a PEG ratio of 3.17 and a beta of 1.13. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40. The business has a 50-day moving average price of $7,744.98 and a two-hundred day moving average price of $7,000.03.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $99.89 EPS. As a group, analysts predict that NVR, Inc. will post 494.66 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On NVR

Several institutional investors have recently made changes to their positions in NVR. AE Wealth Management LLC lifted its holdings in shares of NVR by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock valued at $221,000 after buying an additional 2 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of NVR by 136.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 90 shares of the construction company’s stock valued at $537,000 after acquiring an additional 52 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of NVR by 231.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,837 shares of the construction company’s stock valued at $10,955,000 after acquiring an additional 1,283 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of NVR by 9.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,158 shares of the construction company’s stock valued at $6,906,000 after acquiring an additional 103 shares in the last quarter. Finally, First Pacific Financial bought a new position in shares of NVR in the 3rd quarter valued at approximately $30,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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 research report on Wednesday, April 24th. StockNews.com upgraded 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.