NVR (NYSE:NVR) Reaches New 12-Month High – What’s Next?

Shares of NVR, Inc. (NYSE:NVR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9,930.21 and last traded at $9,905.00, with a volume of 4138 shares changing hands. The stock had previously closed at $9,768.29.

NVR Stock Up 1.5 %

The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $9,286.23 and a 200-day simple moving average of $8,317.04. The stock has a market cap of $31.09 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a return on equity of 38.51% and a net margin of 16.83%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. On average, equities research analysts forecast that NVR, Inc. will post 500.67 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 175 shares of NVR stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,989,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Matthew B. Kelpy sold 175 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,989,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 648 shares of company stock worth $5,547,709. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in NVR by 1.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock valued at $44,791,000 after buying an additional 71 shares during the period. Assenagon Asset Management S.A. increased its position in NVR by 3,377.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after acquiring an additional 2,432 shares during the last quarter. Sei Investments Co. lifted its stake in shares of NVR by 89.6% in the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after purchasing an additional 1,254 shares during the period. Swedbank AB bought a new position in NVR in the first quarter worth approximately $931,000. Finally, Jane Street Group LLC lifted its position in NVR by 1,285.4% during the first quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after purchasing an additional 527 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

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.