Insider Selling: NVR, Inc. (NYSE:NVR) CAO Sells 175 Shares of Stock

NVR, Inc. (NYSE:NVR) CAO Matthew B. Kelpy sold 175 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,989,500. The transaction was disclosed in a filing with the SEC, which is available at this link.

NVR Stock Performance

Shares of NYSE NVR traded up $0.24 during midday trading on Monday, reaching $8,600.84. 16,833 shares of the company traded hands, compared to its average volume of 19,470. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,695.00. The stock has a 50-day moving average price of $7,743.57 and a 200 day moving average price of $7,633.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32. The company has a market cap of $26.92 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.26 and a beta of 1.17.

NVR (NYSE:NVR) last released its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. Sell-side analysts anticipate that NVR, Inc. will post 499.77 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 7th 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.

Analyst Ratings Changes

Several research analysts recently commented on NVR shares. UBS Group raised their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company 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.

Institutional Investors Weigh In On NVR

Several institutional investors have recently made changes to their positions in NVR. Valued Wealth Advisors LLC lifted its holdings in shares of NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after buying an additional 2 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NVR in the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC bought a new position in NVR in the 4th quarter worth approximately $42,000. Whittier Trust Co. of Nevada Inc. bought a new position in NVR in the 2nd quarter worth approximately $53,000. Finally, Allworth Financial LP increased its position 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. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

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.