NVR VP Kelpy sells $4.8m in stock after option exercise

Published 14/08/2025, 14:48
NVR VP Kelpy sells $4.8m in stock after option exercise

Matthew B. Kelpy, VP, Chief Accounting Officer at NVR INC (NYSE:NVR), sold 600 shares of company stock on August 13, 2025, at a price of $8100.0, totaling $4,860,000. The transaction occurred as NVR trades near $8,180, with InvestingPro analysis showing the stock is fairly valued. The company, currently valued at $23.5 billion, maintains strong financial health with an overall score of "GREAT" according to InvestingPro metrics.

On the same day, Kelpy also exercised options to acquire 600 shares of NVR INC common stock at a price of $2843.17, for a total value of $1,705,902. Following these transactions, Kelpy directly owns 208 shares of NVR INC. In addition, Kelpy indirectly owns 33 shares by Profit Sharing Trust and 22 shares by ESOP Trust. InvestingPro data reveals management has been actively buying back shares, while the company maintains more cash than debt on its balance sheet. Discover 10+ additional exclusive insights with InvestingPro.

In other recent news, NVR, Inc. announced a $750 million share repurchase program authorized by its Board of Directors. This initiative allows the company to buy back its outstanding common stock periodically, depending on market conditions. UBS has adjusted its price target for NVR to $8,150 from $7,900 while maintaining a Neutral rating. The investment bank also revised its earnings per share estimates downward for the years 2025 through 2027, citing softer volume and margins as the reasons for the changes. Additionally, Michael J. DeVito, former CEO of Freddie Mac, has joined NVR’s Board of Directors as an independent director. DeVito brings extensive experience from his previous roles at Freddie Mac and Wells Fargo. These developments highlight the company’s strategic moves and the adjustments in analyst expectations.

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