NVR, Inc. (NYSE:NVR) Director Thomas D. Eckert Sells 143 Shares of Stock

NVR, Inc. (NYSE:NVR) Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NVR Stock Down 2.6 %

NVR stock opened at $7,297.08 on Thursday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $8,186.18 and a 200-day simple moving average of $8,834.92. The company has a market capitalization of $22.33 billion, a P/E ratio of 14.38, a PEG ratio of 2.51 and a beta of 1.20. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, equities research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its board has initiated a stock buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group increased their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, NVR presently has an average rating of “Hold” and a consensus price target of $9,356.67.

Institutional Trading of NVR

A number of institutional investors and hedge funds have recently modified their holdings of NVR. Blue Trust Inc. acquired a new position in shares of NVR in the 3rd quarter valued at about $39,000. Rakuten Securities Inc. acquired a new position in NVR in the third quarter valued at approximately $39,000. Private Trust Co. NA grew its holdings in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR during the 3rd quarter worth approximately $49,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

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.