NVR, Inc. (NYSE:NVR) CEO Eugene James Bredow Sells 418 Shares of Stock

Posted by on Aug 9th, 2023

NVR, Inc. (NYSE:NVR – Get Free Report) CEO Eugene James Bredow sold 418 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $6,320.00, for a total transaction of $2,641,760.00. Following the completion of the sale, the chief executive officer now directly owns 1,851 shares in the company, valued at $11,698,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Eugene James Bredow also recently made the following trade(s):

  • On Monday, August 7th, Eugene James Bredow sold 1,500 shares of NVR stock. The shares were sold at an average price of $6,358.33, for a total value of $9,537,495.00.
  • On Monday, July 31st, Eugene James Bredow sold 228 shares of NVR stock. The shares were sold at an average price of $6,320.00, for a total value of $1,440,960.00.

NVR Trading Down 0.6 %

Shares of NVR stock opened at $6,348.76 on Wednesday. NVR, Inc. has a 1 year low of $3,816.55 and a 1 year high of $6,474.53. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 3.48 and a beta of 1.03. The business has a fifty day simple moving average of $6,125.86 and a two-hundred day simple moving average of $5,694.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.20 and a quick ratio of 4.43.

NVR (NYSE:NVR – Get Free Report) last announced its earnings results on Tuesday, July 25th. The construction company reported $116.54 EPS for the quarter, topping the consensus estimate of $103.76 by $12.78. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.39 billion. NVR had a net margin of 16.44% and a return on equity of 44.26%. NVR’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $123.65 EPS. Research analysts forecast that NVR, Inc. will post 431.84 EPS for the current year.

NVR announced that its board has initiated a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVR. Seaport Res Ptn restated a “buy” rating on shares of NVR in a report on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft assumed coverage on NVR in a research note on Wednesday, May 31st. They set a “sell” rating and a $4,400.00 price objective on the stock. 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. Finally, StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5,650.00.

View Our Latest Stock Analysis on NVR

Institutional Trading of NVR

Institutional investors have recently added to or reduced their stakes in the company. Schubert & Co boosted its position in shares of NVR by 66.7% in the first quarter. Schubert & Co now owns 5 shares of the construction company’s stock valued at $28,000 after acquiring an additional 2 shares during the period. Dupont Capital Management Corp increased its holdings in shares of NVR by 100.0% during the fourth quarter. Dupont Capital Management Corp now owns 6 shares of the construction company’s stock worth $28,000 after purchasing an additional 3 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of NVR by 50.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6 shares of the construction company’s stock worth $28,000 after purchasing an additional 2 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of NVR in the fourth quarter valued at approximately $32,000. Finally, Carderock Capital Management Inc. bought a new stake in shares of NVR in the first quarter valued at approximately $39,000. 83.53% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.