NVR (NYSE:NVR) Director Purchases $73,694.50 in Stock

NVR, Inc. (NYSE:NVR) Director Michael Devito acquired 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NVR Stock Down 3.7%

Shares of NYSE:NVR opened at $6,203.65 on Thursday. The stock’s 50-day moving average price is $6,804.63 and its 200-day moving average price is $7,258.10. NVR, Inc. has a 12-month low of $6,195.15 and a 12-month high of $8,618.28. The stock has a market capitalization of $17.23 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 4.55 and a beta of 1.07. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 31.82%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $94.83 earnings per share. The firm’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post 393.81 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of NVR

A number of institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in NVR by 214.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 22 shares of the construction company’s stock worth $148,000 after buying an additional 15 shares during the period. Whittier Trust Co. lifted its holdings in NVR by 7.8% in the first quarter. Whittier Trust Co. now owns 111 shares of the construction company’s stock worth $745,000 after buying an additional 8 shares during the period. V Square Quantitative Management LLC lifted its holdings in NVR by 6.4% in the first quarter. V Square Quantitative Management LLC now owns 83 shares of the construction company’s stock worth $547,000 after buying an additional 5 shares during the period. HB Wealth Management LLC lifted its holdings in NVR by 17.1% in the first quarter. HB Wealth Management LLC now owns 48 shares of the construction company’s stock worth $319,000 after buying an additional 7 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in NVR by 44.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 396 shares of the construction company’s stock worth $2,610,000 after buying an additional 121 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on NVR shares. UBS Group dropped their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Bank of America dropped their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. BTIG Research reiterated a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Finally, Truist Financial dropped their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, NVR presently has an average rating of “Hold” and an average price target of $7,649.33.

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.