NVR (NYSE:NVR) Issues Earnings Results

NVR (NYSE:NVR) issued its quarterly earnings data on Tuesday. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96), Zacks reports. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion.

NVR Trading Down 2.3 %

Shares of NYSE NVR traded down $195.43 during midday trading on Wednesday, hitting $8,404.49. The company’s stock had a trading volume of 18,210 shares, compared to its average volume of 19,493. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $7,698.08 and its two-hundred day moving average is $7,604.13. The firm has a market cap of $26.31 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 3.59 and a beta of 1.17. NVR has a 12-month low of $5,210.49 and a 12-month high of $8,695.00.

Insider Buying and Selling at NVR

In other NVR news, Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVR news, Director William Grady Rosier sold 600 shares of NVR stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the sale, the director now directly owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at $1,813,104.19. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock valued at $12,233,609 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

NVR announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 7th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVR. UBS Group increased their price target on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

NVR Company Profile

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.