Insider Selling: NVR, Inc. (NYSE:NVR) Director Sells 143 Shares of Stock

NVR, Inc. (NYSE:NVR - Get Free Report) Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NVR Stock Performance

NVR stock traded up $18.05 during mid-day trading on Friday, hitting $7,359.53. 21,327 shares of the company's stock traded hands, compared to its average volume of 25,530. The firm has a 50 day moving average price of $8,122.07 and a 200 day moving average price of $8,818.45. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $22.52 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, equities analysts forecast that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its board has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR in the 3rd quarter worth $39,000. Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth $49,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after buying an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Bank of America cut their target price on 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. Finally, UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9,356.67.

About NVR

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.