NVR (NYSE:NVR) Issues Quarterly Earnings Results

NVR (NYSE:NVR) posted its quarterly earnings results on Tuesday. The construction company reported $116.41 EPS for the quarter, beating the consensus estimate of $103.97 by $12.44, Briefing.com reports. NVR had a net margin of 17.33% and a return on equity of 38.81%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company earned $99.89 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis.

NVR Trading Down 0.5 %

Shares of NVR stock opened at $7,798.28 on Thursday. NVR has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The firm has a 50-day simple moving average of $7,733.16 and a two-hundred day simple moving average of $6,961.16. The company has a market cap of $24.95 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 2.85 and a beta of 1.13.

NVR declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group upped their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday.

Insider Buying and Selling

In related news, Chairman Paul C. Saville sold 250 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $813,314,665.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Paul C. Saville sold 250 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the sale, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $59,155,947 in the last 90 days. Insiders own 7.00% of the company’s stock.

About NVR

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.