NVR (NYSE:NVR) Issues Quarterly Earnings Results, Beats Estimates By $7.30 EPS

NVR (NYSE:NVR) released its quarterly earnings results on Tuesday. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30, Zacks reports. NVR had a net margin of 16.34% and a return on equity of 39.58%.

NVR Stock Down 0.3 %

NYSE:NVR traded down $20.01 during mid-day trading on Thursday, hitting $7,769.99. 633 shares of the company’s stock were exchanged, compared to its average volume of 26,365. NVR has a one year low of $7,227.09 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The business has a fifty day moving average price of $8,351.32 and a 200 day moving average price of $8,870.72. The company has a market cap of $23.78 billion, a PE ratio of 15.36, a P/E/G ratio of 2.60 and a beta of 1.20.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.00% of the company’s stock.

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.