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

NVR, Inc. (NYSE:NVRGet Free Report) 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:NVRGet Free Report) 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.

Read Our Latest Report on NVR

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

(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.

See Also

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

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