Insider Selling: NVR, Inc. (NYSE:NVR) CAO Sells 400 Shares of Stock

NVR, Inc. (NYSE:NVR) CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NVR Stock Performance

Shares of NVR stock traded up $37.64 during trading hours on Thursday, reaching $9,240.18. The company’s stock had a trading volume of 3,593 shares, compared to its average volume of 19,099. The company’s 50 day simple moving average is $9,434.23 and its 200 day simple moving average is $8,472.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a one year low of $5,818.01 and a one year high of $9,964.77. The stock has a market cap of $28.46 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the business posted $125.26 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that NVR, Inc. will post 496.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on NVR shares. UBS Group upped their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV increased its holdings in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the period. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter valued at about $39,000. Rakuten Securities Inc. acquired a new position in NVR during the 3rd quarter valued at about $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR during the 2nd quarter valued at about $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in NVR during the 2nd quarter valued at about $53,000. 83.67% of the stock is currently owned by institutional investors.

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.