Insider Selling: NVR, Inc. (NVR) Director Sells 325 Shares of Stock
NVR, Inc. (NYSE:NVR) Director Timothy M. Donahue sold 325 shares of NVR stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $2,730.07, for a total transaction of $887,272.75. Following the sale, the director now directly owns 843 shares in the company, valued at approximately $2,301,449.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NVR, Inc. (NYSE:NVR) traded up 0.90% on Wednesday, reaching $2760.18. 15,457 shares of the company’s stock were exchanged. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,767.30. The company has a 50 day moving average price of $2,578.53 and a 200-day moving average price of $2,240.56. The company has a market capitalization of $10.33 billion, a PE ratio of 21.84 and a beta of 0.67.
NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned $22.01 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that NVR, Inc. will post $139.24 earnings per share for the current year.
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Several equities research analysts have issued reports on NVR shares. Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price on the stock in a research note on Wednesday, June 28th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, MKM Partners reissued a “neutral” rating and set a $2,600.00 price target (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. NVR presently has an average rating of “Hold” and a consensus target price of $2,672.00.
A number of hedge funds have recently modified their holdings of NVR. US Bancorp DE raised its stake in shares of 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 raised its stake in shares of 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 purchased a new position in NVR during the first quarter valued at $124,000. PNC Financial Services Group Inc. raised its position in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares in the last quarter. Finally, James Investment Research Inc. purchased a new position in NVR during the first quarter valued at $158,000. 77.29% of the stock is currently owned by hedge funds and other institutional investors.
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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