NVR, Inc. (NYSE:NVR) Director Charles Elliott Andrews sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $3,581.49, for a total transaction of $6,983,905.50. Following the completion of the transaction, the director now owns 2,988 shares of the company’s stock, valued at $10,701,492.12. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NYSE:NVR traded down $6.75 during midday trading on Tuesday, hitting $3,591.89. The stock had a trading volume of 26,812 shares, compared to its average volume of 24,182. The company’s 50-day moving average price is $3,470.79 and its 200-day moving average price is $3,143.78. The company has a market capitalization of $12.96 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. The company has a quick ratio of 2.14, a current ratio of 4.29 and a debt-to-equity ratio of 0.32. NVR, Inc. has a fifty-two week low of $2,040.71 and a fifty-two week high of $3,720.00.
NVR (NYSE:NVR) last issued its earnings results on Friday, July 19th. The construction company reported $53.09 EPS for the quarter, beating the consensus estimate of $44.87 by $8.22. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. NVR had a net margin of 11.54% and a return on equity of 44.03%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $49.05 EPS. Research analysts expect that NVR, Inc. will post 206.55 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in NVR. Geode Capital Management LLC boosted its holdings in shares of NVR by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 38,759 shares of the construction company’s stock worth $94,401,000 after buying an additional 2,058 shares during the period. Brinker Capital Inc. bought a new stake in shares of NVR during the 1st quarter worth about $288,000. First Quadrant L P CA acquired a new stake in NVR in the 1st quarter worth about $208,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in NVR by 9.3% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 117 shares of the construction company’s stock worth $324,000 after purchasing an additional 10 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in NVR by 213.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,272 shares of the construction company’s stock worth $6,287,000 after purchasing an additional 1,548 shares in the last quarter. 79.63% of the stock is currently owned by institutional investors.
NVR has been the subject of several analyst reports. Wells Fargo & Co boosted their target price on shares of NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. They noted that the move was a valuation call. Evercore upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 target price for the company in a research report on Thursday, July 11th. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $3,508.80.
NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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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