NVR, Inc. (NVR) Insider Sells $3,296,000.00 in Stock

NVR, Inc. (NYSE:NVR) insider Jeffrey D. Martchek sold 1,000 shares of NVR stock in a transaction on Monday, May 6th. The shares were sold at an average price of $3,296.00, for a total transaction of $3,296,000.00. Following the completion of the sale, the insider now owns 5,158 shares in the company, valued at $17,000,768. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NYSE NVR traded down $24.61 during trading on Friday, reaching $3,201.57. The company’s stock had a trading volume of 21,554 shares, compared to its average volume of 25,047. The company has a quick ratio of 2.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $11.57 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.52 and a beta of 0.72. NVR, Inc. has a 12 month low of $2,040.71 and a 12 month high of $3,381.98.

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

NVR declared that its board has initiated a share buyback program on Thursday, May 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in NVR. Jane Street Group LLC acquired a new position in NVR during the 3rd quarter worth approximately $413,000. Teachers Advisors LLC increased its position in NVR by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 11,055 shares of the construction company’s stock worth $27,315,000 after purchasing an additional 46 shares in the last quarter. Nordea Investment Management AB increased its position in NVR by 51.2% during the 3rd quarter. Nordea Investment Management AB now owns 2,739 shares of the construction company’s stock worth $6,766,000 after purchasing an additional 928 shares in the last quarter. Legal & General Group Plc increased its position in NVR by 5.1% in the 3rd quarter. Legal & General Group Plc now owns 19,263 shares of the construction company’s stock valued at $47,634,000 after acquiring an additional 930 shares during the period. Finally, Cerebellum GP LLC increased its position in NVR by 42.3% in the 4th quarter. Cerebellum GP LLC now owns 101 shares of the construction company’s stock valued at $246,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 79.12% of the company’s stock.

Several research analysts have recently weighed in on NVR shares. Wells Fargo & Co set a $3,500.00 price objective on shares of NVR and gave the stock a “market perform” rating in a research note on Tuesday, April 23rd. Buckingham Research lifted their target price on shares of NVR from $3,030.00 to $3,410.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Zacks Investment Research raised shares of NVR from a “sell” rating to a “hold” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $3,251.17.

TRADEMARK VIOLATION NOTICE: “NVR, Inc. (NVR) Insider Sells $3,296,000.00 in Stock” was reported by Rockland Register and is the property of of Rockland Register. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://rocklandregister.com/2019/05/31/jeffrey-d-martchek-sells-1000-shares-of-nvr-inc-nvr-stock.html.

NVR Company Profile

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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Insider Buying and Selling by Quarter for NVR (NYSE:NVR)

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