NVR, Inc. (NVR) CFO Sells $4,834,305.00 in Stock

NVR, Inc. (NYSE:NVR) CFO Daniel David Malzahn sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,222.87, for a total value of $4,834,305.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NVR stock opened at $3,270.00 on Friday. NVR, Inc. has a 52 week low of $2,040.71 and a 52 week high of $3,335.23. The firm has a market capitalization of $11.83 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. The company has a current ratio of 4.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31.

NVR (NYSE:NVR) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $47.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $34.45 by $13.19. NVR had a return on equity of 46.85% and a net margin of 11.45%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $39.34 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that NVR, Inc. will post 198.36 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a stock buyback plan on Thursday, May 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV increased its holdings in NVR by 3.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 351 shares of the construction company’s stock worth $971,000 after purchasing an additional 11 shares during the period. Markel Corp increased its holdings in NVR by 325.3% during the 1st quarter. Markel Corp now owns 3,275 shares of the construction company’s stock worth $9,062,000 after purchasing an additional 2,505 shares during the period. Bbva Compass Bancshares Inc. increased its holdings in NVR by 38.7% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 1,172 shares of the construction company’s stock worth $3,243,000 after purchasing an additional 327 shares during the period. South Dakota Investment Council increased its holdings in NVR by 15.6% during the 1st quarter. South Dakota Investment Council now owns 3,115 shares of the construction company’s stock worth $8,619,000 after purchasing an additional 421 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in NVR by 1,035.7% during the 1st quarter. Victory Capital Management Inc. now owns 12,277 shares of the construction company’s stock worth $33,970,000 after purchasing an additional 11,196 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on NVR shares. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Buckingham Research started coverage on NVR in a research note on Friday, January 11th. They set a “buy” rating on the stock. Finally, Wells Fargo & Co set a $3,500.00 price objective on NVR and gave the stock a “market perform” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3,251.17.

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About NVR

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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