Insider Selling: NVR, Inc. (NYSE:NVR) CAO Sells 200 Shares of Stock

NVR, Inc. (NYSE:NVR) CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,771,000. The transaction was disclosed in a filing with the SEC, which is available at this link.

NVR Price Performance

Shares of NVR traded up $95.90 during trading hours on Thursday, hitting $7,670.90. 16,414 shares of the stock were exchanged, compared to its average volume of 18,958. The stock’s 50-day moving average price is $7,750.05 and its two-hundred day moving average price is $7,079.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,211.40.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the firm posted $99.89 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts expect that NVR, Inc. will post 487.53 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On NVR

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its holdings in NVR by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the fourth quarter valued at approximately $35,000. Criterion Capital Advisors LLC purchased a new position in NVR in the fourth quarter worth approximately $42,000. Allworth Financial LP increased its stake in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in NVR in the fourth quarter valued at $63,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVR. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group increased their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

About NVR

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.