NVR (NYSE:NVR) Releases Earnings Results, Misses Expectations By $0.50 EPS

NVR (NYSE:NVR) issued its quarterly earnings data on Tuesday. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50), Briefing.com reports. NVR had a return on equity of 38.51% and a net margin of 16.83%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm posted $125.26 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year.

NVR Price Performance

NYSE NVR traded up $45.34 on Thursday, reaching $9,456.40. 16,380 shares of the company’s stock traded hands, compared to its average volume of 19,235. The stock has a market cap of $29.63 billion, a PE ratio of 19.87, a P/E/G ratio of 2.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32. NVR has a 12 month low of $5,210.49 and a 12 month high of $9,964.77. The stock has a 50-day simple moving average of $9,370.73 and a 200 day simple moving average of $8,367.77.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America reduced their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday.

Insider Transactions at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the transaction, the director now owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total transaction of $1,063,238.75. Following the transaction, the director now directly owns 391 shares in the company, valued at $3,325,810.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 648 shares of company stock worth $5,547,709. 7.00% of the stock is currently owned by insiders.

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.