NVR (NYSE:NVR) Director Sells $1,584,412.00 in Stock

NVR, Inc. (NYSE:NVR) Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. The trade was a 34.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Susan Williamson Ross also recently made the following trade(s):

• On Thursday, February 5th, Susan Williamson Ross sold 200 shares of NVR stock. The shares were sold at an average price of $8,091.62, for a total transaction of $1,618,324.00.
• On Wednesday, February 4th, Susan Williamson Ross sold 220 shares of NVR stock. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00.

NVR Price Performance

NVR stock opened at $7,519.50 on Friday. The stock’s 50 day moving average price is $7,575.74 and its 200 day moving average price is $7,705.91. The firm has a market cap of $20.98 billion, a P/E ratio of 17.20, a PEG ratio of 2.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $139.93 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVR. Rare Wolf Capital LLC acquired a new position in shares of NVR in the 4th quarter valued at about $489,000. Corient Private Wealth LLC raised its holdings in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares during the period. Strive Financial Group LLC acquired a new position in NVR during the fourth quarter valued at approximately $29,000. Mercer Global Advisors Inc. ADV grew its stake in NVR by 43.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,461 shares of the construction company’s stock worth $10,657,000 after buying an additional 442 shares during the period. Finally, Delta Global Management LP increased its position in shares of NVR by 10.3% in the fourth quarter. Delta Global Management LP now owns 331 shares of the construction company’s stock worth $2,414,000 after acquiring an additional 31 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on NVR shares. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. BTIG Research began coverage on NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective on the stock. UBS Group set a $8,100.00 target price on NVR in a research note on Friday, February 13th. Finally, Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, NVR has a consensus rating of “Moderate Buy” and an average price target of $8,279.40.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.