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.
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.
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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