NVR (NYSE:NVR) Issues Earnings Results

NVR (NYSE:NVR) released its earnings results on Tuesday. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50), Briefing.com reports. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.18%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $125.26 earnings per share.

NVR Stock Performance

NYSE NVR opened at $9,456.40 on Friday. The company’s 50 day moving average is $9,387.84 and its 200-day moving average is $8,375.33. NVR has a 12-month low of $5,210.49 and a 12-month high of $9,964.77. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $29.13 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Alfred E. Festa sold 148 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the sale, the director now owns 173 shares of the company’s stock, valued at approximately $1,485,369.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the company’s 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 transaction of $1,700,000.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

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

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.