NVR, Inc. (NYSE:NVR) CFO Daniel David Malzahn Sells 1,000 Shares of Stock

NVR, Inc. (NYSE:NVR) CFO Daniel David Malzahn sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $6,296.26, for a total value of $6,296,260.00. Following the completion of the sale, the chief financial officer now owns 11,853 shares of the company’s stock, valued at approximately $74,629,569.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 1st, Daniel David Malzahn sold 1,123 shares of NVR stock. The stock was sold at an average price of $5,500.70, for a total value of $6,177,286.10.
• On Thursday, October 26th, Daniel David Malzahn sold 356 shares of NVR stock. The stock was sold at an average price of $5,453.10, for a total transaction of $1,941,303.60.

NVR Stock Performance

Shares of NYSE NVR opened at $6,307.12 on Tuesday. The company has a market cap of $20.06 billion, a P/E ratio of 13.27 and a beta of 1.04. NVR, Inc. has a 52-week low of $4,308.05 and a 52-week high of $6,525.00. The firm’s fifty day moving average is $5,910.02 and its two-hundred day moving average is $6,025.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.03 and a current ratio of 6.45.

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

NVR declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schubert & Co lifted its stake in shares of NVR by 66.7% in the first quarter. Schubert & Co now owns 5 shares of the construction company’s stock worth $28,000 after buying an additional 2 shares in the last quarter. First Pacific Financial acquired a new stake in NVR in the 3rd quarter valued at about $30,000. Clear Street Markets LLC lifted its stake in NVR by 133.3% in the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock worth $39,000 after purchasing an additional 4 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in NVR in the 2nd quarter worth approximately $64,000. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of NVR during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

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.