NVR, Inc. (NYSE:NVR) CEO Eugene James Bredow Sells 1,500 Shares of Stock

NVR, Inc. (NYSE:NVR) CEO Eugene James Bredow sold 1,500 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $6,292.47, for a total value of $9,438,705.00. Following the completion of the transaction, the chief executive officer now owns 1,851 shares of the company’s stock, valued at approximately $11,647,361.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eugene James Bredow also recently made the following trade(s):

• On Thursday, November 2nd, Eugene James Bredow sold 687 shares of NVR stock. The shares were sold at an average price of $5,711.73, for a total value of $3,923,958.51.

NVR Trading Up 0.1 %

NVR stock opened at $6,307.12 on Tuesday. The stock has a market cap of $20.06 billion, a PE ratio of 13.27 and a beta of 1.04. The stock has a 50-day moving average price of $5,910.02 and a 200 day moving average price of $6,025.59. NVR, Inc. has a 52 week low of $4,308.05 and a 52 week high of $6,525.00. The company has a current ratio of 6.45, a quick ratio of 4.03 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $125.26 EPS for the quarter, topping analysts’ consensus estimates of $115.60 by $9.66. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.59 billion. NVR had a return on equity of 41.75% and a net margin of 17.05%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $118.51 EPS. Equities research analysts predict that NVR, Inc. will post 463.01 earnings per share for the current fiscal year.

NVR announced that its board has approved a share repurchase program on Wednesday, August 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in NVR by 4.5% in the 1st quarter. American Century Companies Inc. now owns 534 shares of the construction company’s stock worth $2,386,000 after buying an additional 23 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in NVR by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 438 shares of the construction company’s stock worth $1,957,000 after buying an additional 27 shares during the last quarter. Yousif Capital Management LLC boosted its stake in NVR by 2.1% in the 1st quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock worth $2,381,000 after buying an additional 11 shares during the last quarter. Raymond James Trust N.A. boosted its stake in NVR by 8.6% in the 1st quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock worth $393,000 after buying an additional 7 shares during the last quarter. Finally, Prudential PLC acquired a new stake in NVR in the 1st quarter worth about $357,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of research analyst reports. Bank of America raised their price target on NVR from $6,500.00 to $7,200.00 in a research report on Wednesday, July 26th. StockNews.com initiated coverage on NVR in a research report on Thursday, October 5th. They issued a “hold” rating for the company.

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.