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

NVR, Inc. (NYSE:NVR) CEO Eugene James Bredow sold 1,500 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $6,292.47, for a total transaction of $9,438,705.00. Following the sale, the chief executive officer now owns 1,851 shares of the company’s stock, valued at $11,647,361.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 transaction of $3,923,958.51.

NVR Trading Down 0.2 %

NVR stock traded down $12.81 during midday trading on Monday, hitting $6,285.19. 13,093 shares of the stock were exchanged, compared to its average volume of 22,730. NVR, Inc. has a fifty-two week low of $4,308.05 and a fifty-two week high of $6,525.00. The stock has a market capitalization of $19.99 billion, a price-to-earnings ratio of 13.22 and a beta of 1.04. The stock’s 50-day simple moving average is $5,910.95 and its 200 day simple moving average is $6,022.03. 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 announced its earnings results on Tuesday, October 24th. The construction company reported $125.26 earnings per share for the quarter, topping the consensus estimate of $115.60 by $9.66. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.59 billion. NVR had a net margin of 17.05% and a return on equity of 41.75%. NVR’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $118.51 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 463.01 EPS for the current year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On NVR

A number of institutional investors have recently modified their holdings of NVR. Brighton Jones LLC purchased a new stake in shares of NVR in the 1st quarter worth about $217,000. Cerity Partners LLC acquired a new position in NVR in the 1st quarter valued at about $1,004,000. Inceptionr LLC acquired a new position in NVR in the 1st quarter valued at about $947,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in NVR by 4.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 632 shares of the construction company’s stock valued at $3,522,000 after purchasing an additional 25 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in NVR by 3.6% in the 1st quarter. Van ECK Associates Corp now owns 552 shares of the construction company’s stock valued at $3,076,000 after purchasing an additional 19 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America raised their target price on shares of NVR from $6,500.00 to $7,200.00 in a report on Wednesday, July 26th. StockNews.com initiated coverage on shares of NVR in a report on Thursday, October 5th. They issued a “hold” rating on the 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.