Michael Devito Acquires 14 Shares of NVR (NYSE:NVR) Stock

NVR, Inc. (NYSE:NVR) Director Michael Devito bought 14 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NVR Stock Performance

Shares of NVR traded up $73.74 during mid-day trading on Wednesday, reaching $7,219.77. 6,536 shares of the company’s stock traded hands, compared to its average volume of 22,107. The business’s 50-day moving average price is $7,904.42 and its 200-day moving average price is $7,612.25. The stock has a market capitalization of $20.72 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 9.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,376.75.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $130.50 earnings per share. Equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Hedge Funds Weigh In On NVR

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AdvisorNet Financial Inc bought a new stake in shares of NVR during the 2nd quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NVR in the 1st quarter valued at $36,000. Ridgewood Investments LLC lifted its position in shares of NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after acquiring an additional 3 shares during the period. SouthState Corp acquired a new position in shares of NVR during the 1st quarter valued at $36,000. Finally, Blue Trust Inc. lifted its position in shares of NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group upped their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Bank of America reduced their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8,366.67.

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.