Director Thomas Eckert Sells 1,300 Shares of NVR Inc
On February 6, 2024, Thomas Eckert, a director at NVR Inc (NYSE:NVR), executed a sale of 1,300 shares of the company's stock, as reported in a recent SEC Filing. This transaction has been part of a series of sales by the insider over the past year, with a cumulative total of 1,300 shares sold and no shares purchased.
NVR Inc is a homebuilding and mortgage banking company that operates in various states across the United States. The company's primary business involves the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes brands. Additionally, NVR Inc provides mortgage-related services to its homebuilding customers.
The insider transaction history for NVR Inc indicates a trend of insider sales, with no insider buys recorded over the past year and a total of 41 insider sells during the same period.
On the day of the insider's recent sale, shares of NVR Inc were trading at $7,270, giving the company a market capitalization of $23.654 billion. The price-earnings ratio stood at 15.98, which is above the industry median of 10.07 but below the company's historical median price-earnings ratio.
According to the GF Value metric, with a share price of $7,270 and a GuruFocus Value of $6,014.14, NVR Inc has a price-to-GF-Value ratio of 1.21, indicating that the stock is considered Modestly Overvalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
