NVR, Inc. (NYSE:NVR) Director Sells $2,325,660.00 in Stock

NVR, Inc. (NYSE:NVR) Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NVR Price Performance

NVR stock opened at $9,179.61 on Friday. The company has a fifty day simple moving average of $9,445.21 and a two-hundred day simple moving average of $8,527.18. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $28.09 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the business posted $125.26 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 490.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NVR shares. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group boosted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8,783.33.

Hedge Funds Weigh In On NVR

Several large investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV boosted its stake in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth about $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR during the 3rd quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new position in NVR during the 2nd quarter valued at about $46,000. Finally, Private Trust Co. NA raised its position in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the period. Institutional investors own 83.67% of the company’s 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.