NVR (NYSE:NVR) Posts Earnings Results, Beats Expectations By $16.12 EPS

NVR (NYSE:NVR) released its earnings results on Wednesday. The construction company reported $121.54 EPS for the quarter, beating the consensus estimate of $105.42 by $16.12, Zacks reports. NVR had a net margin of 14.00% and a return on equity of 35.89%.

NVR Stock Up 2.5%

Shares of NYSE NVR traded up $188.75 during mid-day trading on Wednesday, reaching $7,688.51. The company had a trading volume of 10,590 shares, compared to its average volume of 32,485. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 10.58 and a beta of 1.01. The stock has a fifty day moving average of $7,466.73 and a two-hundred day moving average of $7,691.15. NVR has a 12-month low of $6,562.85 and a 12-month high of $8,618.28.

Insiders Place Their Bets

In related news, Director Michael J. Devito bought 14 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On NVR

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares in the last quarter. Voleon Capital Management LP acquired a new stake in NVR in the third quarter valued at approximately $514,000. Polymer Capital Management HK LTD bought a new stake in NVR in the third quarter worth approximately $249,000. Northwestern Mutual Wealth Management Co. grew its position in NVR by 5.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 56 shares of the construction company’s stock worth $450,000 after acquiring an additional 3 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of NVR by 14.3% during the 3rd quarter. Brooklyn Investment Group now owns 32 shares of the construction company’s stock worth $257,000 after purchasing an additional 4 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NVR shares. BTIG Research started coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. UBS Group reduced their target price on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Bank of America decreased their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8,443.00.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.