Jeffrey D. Martchek Sells 1,000 Shares of NVR, Inc. (NVR) Stock
NVR, Inc. (NYSE:NVR) insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the transaction, the insider now directly owns 5,323 shares of the company’s stock, valued at $14,211,877.70. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of NVR, Inc. (NYSE NVR) traded up 0.20% during mid-day trading on Wednesday, reaching $2678.94. 28,145 shares of the company were exchanged. The firm has a market capitalization of $10.04 billion, a PE ratio of 21.19 and a beta of 0.66. The company’s 50 day moving average price is $2,458.90 and its 200 day moving average price is $2,132.25. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,705.16.
NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $22.01 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts anticipate that NVR, Inc. will post $130.89 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the last quarter. Huntington National Bank increased its stake in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in NVR during the first quarter worth approximately $124,000. PNC Financial Services Group Inc. increased its stake in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in NVR during the first quarter worth approximately $158,000. Institutional investors and hedge funds own 78.79% of the company’s stock.
NVR has been the subject of a number of recent research reports. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price objective (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. MKM Partners reissued a “neutral” rating and set a $2,600.00 price objective (up from $1,900.00) on shares of NVR in a research note on Tuesday. Finally, Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $2,672.00.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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