NVR (NYSE:NVR) Posts Earnings Results, Beats Estimates By $12.44 EPS

NVR (NYSE:NVR) issued its earnings results on Tuesday. The construction company reported $116.41 EPS for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44, Briefing.com reports. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the company posted $99.89 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year.

NVR Stock Performance

NVR traded up $25.47 during trading on Friday, hitting $7,750.47. 4,485 shares of the company traded hands, compared to its average volume of 18,829. NVR has a one year low of $5,210.49 and a one year high of $8,211.40. The stock’s fifty day moving average is $7,736.86 and its 200 day moving average is $6,966.46. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The firm has a market cap of $24.80 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

NVR announced that its board has approved a share buyback program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,751,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, 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 $1,751,450. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock valued at $59,155,947. Company 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.