Daniel David Malzahn Sells 1,123 Shares of NVR, Inc. (NYSE:NVR) Stock

NVR, Inc. (NYSE:NVR) CFO Daniel David Malzahn sold 1,123 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $5,500.70, for a total transaction of $6,177,286.10. Following the sale, the chief financial officer now owns 11,450 shares in the company, valued at $62,983,015. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Daniel David Malzahn also recently made the following trade(s):

• On Thursday, October 26th, Daniel David Malzahn sold 356 shares of NVR stock. The stock was sold at an average price of $5,453.10, for a total value of $1,941,303.60.
• On Tuesday, August 8th, Daniel David Malzahn sold 546 shares of NVR stock. The shares were sold at an average price of $6,335.01, for a total value of $3,458,915.46.

NVR Stock Up 3.4 %

NVR stock opened at $5,890.63 on Friday. The stock has a market cap of $18.91 billion, a PE ratio of 12.40, a P/E/G ratio of 2.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.45 and a quick ratio of 4.03. The stock’s fifty day moving average is $5,960.74 and its two-hundred day moving average is $6,002.95. NVR, Inc. has a 1-year low of $4,050.71 and a 1-year high of $6,525.00.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 24th. The construction company reported $125.26 earnings per share for the quarter, topping the consensus estimate of $115.60 by $9.66. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.59 billion. NVR had a return on equity of 41.75% and a net margin of 17.05%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $118.51 EPS. On average, sell-side analysts expect that NVR, Inc. will post 455.01 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NVR. Schubert & Co lifted its position in NVR by 66.7% in the first quarter. Schubert & Co now owns 5 shares of the construction company’s stock valued at $28,000 after acquiring an additional 2 shares during the last quarter. First Pacific Financial purchased a new stake in NVR in the third quarter valued at $30,000. Clear Street Markets LLC lifted its position in NVR by 133.3% in the first quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after acquiring an additional 4 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in NVR in the second quarter valued at $64,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in NVR in the third quarter valued at $66,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NVR shares. Bank of America increased their price target on NVR from $6,500.00 to $7,200.00 in a research report on Wednesday, July 26th. StockNews.com began coverage on shares of NVR in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

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.