NVR, Inc. (NYSE:NVR - Get Free Report) Director David A. Preiser sold 500 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at approximately $1,813,104.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NVR Trading Down 1.3 %
NYSE:NVR opened at $7,438.85 on Wednesday. NVR, Inc. has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The business's 50-day moving average price is $7,744.98 and its two-hundred day moving average price is $7,000.03. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 3.17 and a beta of 1.13.
NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping analysts' consensus estimates of $103.97 by $12.44. The company had revenue of $2.29 billion for 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%. NVR's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $99.89 earnings per share. On average, equities analysts expect that NVR, Inc. will post 494.66 earnings per share for the current year.
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NVR announced that its board has approved a share buyback program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. UBS Group increased their target price on NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. StockNews.com raised NVR from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th.
Check Out Our Latest Stock Analysis on NVR
Institutional Investors Weigh In On NVR
A number of hedge funds have recently modified their holdings of NVR. International Assets Investment Management LLC raised its position in shares of NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock worth $1,666,212,000 after purchasing an additional 237,977 shares during the period. Norges Bank acquired a new stake in shares of NVR during the fourth quarter worth about $246,031,000. Artisan Partners Limited Partnership acquired a new stake in shares of NVR during the third quarter worth about $62,370,000. Vanguard Group Inc. raised its position in shares of NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company's stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of NVR by 25.0% during the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company's stock worth $194,045,000 after buying an additional 5,549 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.
About NVR
(
Get Free Report)
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.
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