NVR, Inc. (NYSE:NVR) CFO Sells $6,296,260.00 in Stock

NVR, Inc. (NYSE:NVR) CFO Daniel David Malzahn sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $6,296.26, for a total transaction of $6,296,260.00. Following the transaction, the chief financial officer now owns 11,853 shares in the company, valued at $74,629,569.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Daniel David Malzahn also recently made the following trade(s):

• On Wednesday, November 1st, Daniel David Malzahn sold 1,123 shares of NVR stock. The stock was sold at an average price of $5,500.70, for a total transaction of $6,177,286.10.
• On Thursday, October 26th, Daniel David Malzahn sold 356 shares of NVR stock. The shares were sold at an average price of $5,453.10, for a total transaction of $1,941,303.60.

NVR Trading Up 0.1 %

NVR opened at $6,307.12 on Tuesday. The firm’s fifty day moving average is $5,910.02 and its two-hundred day moving average is $6,025.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.03 and a current ratio of 6.45. The firm has a market cap of $20.06 billion, a PE ratio of 13.27 and a beta of 1.04. NVR, Inc. has a twelve month low of $4,308.05 and a twelve month high of $6,525.00.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 24th. The construction company reported $125.26 earnings per share for the quarter, topping the consensus estimate of $115.60 by $9.66. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.59 billion. NVR had a net margin of 17.05% and a return on equity of 41.75%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the business posted $118.51 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 463.01 EPS for the current year.

NVR announced that its board has authorized a stock buyback program on Wednesday, August 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On NVR

Hedge funds have recently bought and sold shares of the company. Schubert & Co raised its holdings in NVR by 66.7% in the first quarter. Schubert & Co now owns 5 shares of the construction company’s stock worth $28,000 after purchasing an additional 2 shares during the period. First Pacific Financial acquired a new stake in shares of NVR during the third quarter worth $30,000. Clear Street Markets LLC raised its holdings in shares of NVR by 133.3% during the first quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock worth $39,000 after acquiring an additional 4 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of NVR during the second quarter worth $64,000. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of NVR during the third quarter worth $66,000. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVR. StockNews.com began coverage on shares of NVR in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Bank of America increased their price objective on shares of NVR from $6,500.00 to $7,200.00 in a report on Wednesday, July 26th.

NVR Company Profile

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.