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In a recent transaction, Thomas D. Eckert, a director at NVR Inc (NYSE:NVR), a homebuilder with a market capitalization of $22.12 billion, sold 500 shares of the company’s common stock. The shares were sold at a price of $7,529.89 each, amounting to a total transaction value of approximately $3.76 million. Following this sale, Eckert retains ownership of 550 shares in the company. This transaction was filed with the Securities and Exchange Commission on February 13, 2025. According to InvestingPro, while this insider sale occurred, management has been actively buying back shares, and the company maintains a healthy P/E ratio of 13.57. The stock is currently trading near its 52-week low, suggesting potential value opportunities. For comprehensive insider trading analysis and additional insights, subscribers can access 12 more exclusive ProTips on InvestingPro.
In other recent news, NVR Inc. has been the subject of several noteworthy developments. The company reported fourth-quarter earnings of $139.93 per share, surpassing BTIG’s estimate of $130.42 and the Factset consensus of $129.35. However, BTIG analyst Carl Reichardt Jr. maintained a Neutral rating on NVR stock and slightly lowered future earnings per share (EPS) estimates.
Furthermore, NVR has made changes to its corporate bylaws. The amendment now allows shareholders with a continuous one-year ownership of at least 25% of NVR’s outstanding common stock to call for a special meeting. This development is seen as a move to empower shareholders and give them more influence over the calling of special meetings.
Additionally, NVR has announced a stock repurchase program valued at up to $750 million of its outstanding common stock. This action is part of an ongoing strategy aimed at enhancing shareholder value, a practice that NVR has consistently employed since 1994. The repurchase plan does not have a set expiration date and will be carried out as market conditions allow. These are among the recent developments involving NVR Inc.
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