NVR (NYSE:NVR) Releases Quarterly Earnings Results, Misses Estimates By $0.96 EPS

NVR (NYSE:NVR) posted its earnings results 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. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%.

NVR Stock Performance

NYSE:NVR traded up $91.11 during mid-day trading on Friday, hitting $8,562.99. The stock had a trading volume of 4,876 shares, compared to its average volume of 19,408. NVR has a twelve month low of $5,210.49 and a twelve month high of $8,695.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.97 and a current ratio of 5.84. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.54 and a beta of 1.17. The company’s 50 day simple moving average is $7,724.94 and its 200 day simple moving average is $7,615.63.

Wall Street Analyst Weigh In

NVR has been the subject of a number of research analyst reports. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group raised their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

Insider Buying and Selling at NVR

In other NVR news, Director William Grady Rosier sold 600 shares of the firm’s 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 owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David A. Preiser sold 500 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 239 shares of the company’s stock, valued at $1,813,104.19. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Grady Rosier sold 600 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,701 shares in the company, valued at $13,039,236.63. The disclosure for this sale can be found here. Insiders have sold 1,600 shares of company stock worth $12,233,609 over the last 90 days. Company insiders own 7.00% of the company’s stock.

NVR announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 7th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.