Key Points
- Director Susan Williamson Ross sold 200 shares on Feb. 13 at an average price of $7,922.06 for a total of $1,584,412, reducing her holdings to 386 shares (a 34.13% decrease); she also sold 200 and 220 shares on Feb. 5 and Feb. 4.
- NVR beat Q4 expectations with EPS of $121.54 versus the $105.42 consensus and revenue of $2.74 billion (above $2.41B expected), though revenue was down 5.2% year-over-year.
- Board approved a $750 million share buyback, authorizing repurchases equal to roughly 3.3% of outstanding stock.
NVR, Inc. (NYSE:NVR - Get Free Report) Director Susan Williamson Ross sold 200 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director directly owned 386 shares of the company's stock, valued at $3,057,915.16. This represents a 34.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Susan Williamson Ross also recently made the following trade(s):
- On Thursday, February 5th, Susan Williamson Ross sold 200 shares of NVR stock. The stock was sold at an average price of $8,091.62, for a total value of $1,618,324.00.
- On Wednesday, February 4th, Susan Williamson Ross sold 220 shares of NVR stock. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00.
NVR Trading Down 1.2%
NVR opened at $7,420.77 on Wednesday. The business has a fifty day moving average price of $7,575.07 and a 200 day moving average price of $7,708.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.41 and a beta of 1.03.
NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter last year, the business posted $139.93 EPS. The business's quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.
NVR declared that its board has approved a stock 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 reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of NVR. M&T Bank Corp boosted its stake in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock worth $413,777,000 after buying an additional 56,576 shares during the period. Norges Bank acquired a new stake in NVR during the 4th quarter worth approximately $311,496,000. Close Asset Management Ltd purchased a new position in shares of NVR in the 3rd quarter valued at approximately $148,939,000. Citadel Advisors LLC increased its holdings in shares of NVR by 318.4% in the third quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company's stock valued at $154,386,000 after purchasing an additional 14,623 shares during the period. Finally, Newport Capital Group LLC purchased a new stake in shares of NVR during the fourth quarter worth approximately $106,372,000. 83.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NVR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NVR in a research report on Thursday, January 22nd. BTIG Research assumed coverage on NVR in a report on Monday, December 1st. They set a "buy" rating and a $9,022.00 price target for the company. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. UBS Group set a $8,100.00 target price on NVR in a research note on Friday. Finally, Zelman & Associates upgraded shares of NVR from a "sell" rating to a "hold" rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $8,279.40.
Read Our Latest Report on NVR
NVR Company Profile
(
Get Free Report)
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.
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