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

NVR, Inc. (NYSE:NVR) Director Susan Williamson Ross sold 200 shares of the 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 value of $1,584,412.00. Following the transaction, the director owned 386 shares in the company, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Stock Performance

NVR stock traded down $71.08 during mid-day trading on Tuesday, reaching $7,436.35. 19,862 shares of the stock traded hands, compared to its average volume of 30,954. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The business has a 50-day moving average of $7,572.76 and a two-hundred day moving average of $7,710.93. The firm has a market capitalization of $20.75 billion, a PE ratio of 17.01, a P/E/G ratio of 2.41 and a beta of 1.03.

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

NVR declared that its board has approved a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of NVR

Large investors have recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new stake in NVR in the 4th quarter valued at about $36,000. Assetmark Inc. grew its holdings in shares of NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares in the last quarter. State of Wyoming purchased a new stake in shares of NVR during the second quarter valued at approximately $44,000. USA Financial Formulas lifted its holdings in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares during the period. Finally, Clearstead Advisors LLC boosted its position in NVR by 75.0% in the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVR has been the topic of several analyst reports. BTIG Research started coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on NVR in a research report on Friday. 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 report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.