NVR (NYSE:NVR) Hits New 52-Week High – Here’s What Happened

NVR, Inc. (NYSE:NVR) shares reached 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 Trading Up 1.1 %

The stock has a fifty day moving average of $9,226.13 and a 200-day moving average of $8,295.66. The company has a market cap of $30.94 billion, a PE ratio of 20.36, a PEG ratio of 2.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84.

NVR (NYSE:NVR) last posted 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 company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. Sell-side analysts anticipate that NVR, Inc. will post 500.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the transaction, the director now owns 391 shares in the company, valued at $3,325,810.81. The trade was 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 at the SEC website. In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the completion of the sale, the director now directly owns 391 shares in the company, valued at $3,325,810.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 648 shares of company stock worth $5,547,709 in the last ninety days. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVR

Large investors have recently modified their holdings of the business. Valued Wealth Advisors LLC grew its position in NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after purchasing an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in shares of NVR during the second quarter valued at $46,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of NVR in the 2nd quarter valued at $53,000. Finally, Mather Group LLC. purchased a new position in NVR in the 1st quarter worth $73,000. Hedge funds and other institutional investors own 83.67% of the company’s 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.