Insider Selling: NVR, Inc. (NYSE:NVR) CFO Sells 2,000 Shares of Stock

NVR, Inc. (NYSE:NVRGet Free Report) CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Daniel David Malzahn also recently made the following trade(s):

  • On Tuesday, November 21st, Daniel David Malzahn sold 547 shares of NVR stock. The shares were sold at an average price of $6,303.12, for a total transaction of $3,447,806.64.
  • On Friday, November 17th, Daniel David Malzahn sold 1,000 shares of NVR stock. The shares were sold at an average price of $6,296.26, for a total transaction of $6,296,260.00.

NVR Stock Performance

Shares of NVR opened at $7,447.99 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The stock has a market capitalization of $23.76 billion, a P/E ratio of 16.08, a P/E/G ratio of 3.57 and a beta of 1.12. The company’s fifty day moving average is $6,989.92 and its two-hundred day moving average is $6,386.40. NVR, Inc. has a 1 year low of $5,000.90 and a 1 year high of $7,497.99.

NVR (NYSE:NVRGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $121.50 by $0.06. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. NVR’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $133.44 EPS. On average, sell-side analysts predict that NVR, Inc. will post 471.75 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On NVR

Institutional investors have recently made changes to their positions in the stock. Berkshire Hathaway Inc purchased a new stake in shares of NVR during the 2nd quarter worth $70,568,000. Arizona State Retirement System boosted its position in shares of NVR by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 886 shares of the construction company’s stock worth $5,627,000 after purchasing an additional 4 shares in the last quarter. ING Groep NV boosted its position in shares of NVR by 21.5% during the 3rd quarter. ING Groep NV now owns 3,810 shares of the construction company’s stock worth $22,720,000 after purchasing an additional 675 shares in the last quarter. Truist Financial Corp boosted its position in shares of NVR by 2.7% during the 2nd quarter. Truist Financial Corp now owns 228 shares of the construction company’s stock worth $1,448,000 after purchasing an additional 6 shares in the last quarter. Finally, Fortis Capital Management LLC boosted its position in shares of NVR by 6.8% in the 3rd quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock worth $1,307,000 after buying an additional 14 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVR shares. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft raised shares of NVR from a “sell” rating to a “hold” rating and boosted their price objective for the company from $4,900.00 to $6,300.00 in a research note on Friday, December 8th.

Check Out Our Latest Stock Report on NVR

About NVR

(Get Free Report)

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.

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

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