NVR, Inc. (NVR) Posts Earnings Results, Beats Estimates By $2.25 EPS
NVR, Inc. (NYSE:NVR) posted its earnings results on Thursday. The construction company reported $38.02 EPS for the quarter, topping analysts’ consensus estimates of $35.77 by $2.25, MarketWatch Earnings reports. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.71 billion. NVR had a net margin of 9.22% and a return on equity of 39.81%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $28.46 earnings per share.
NVR (NYSE:NVR) opened at 3223.25 on Friday. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 25.50 and a beta of 0.67. NVR has a one year low of $1,478.04 and a one year high of $3,294.50. The company has a 50-day moving average of $2,855.62 and a 200-day moving average of $2,520.35.
In related news, Director Eddie Arthur Grier sold 165 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total value of $442,572.90. Following the completion of the sale, the director now owns 340 shares in the company, valued at approximately $911,968.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the sale, the insider now owns 5,323 shares of the company’s stock, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. Insiders sold a total of 4,240 shares of company stock valued at $11,355,358 in the last 90 days. 11.30% of the stock is currently owned by corporate insiders.
A number of research firms have recently commented on NVR. Wells Fargo & Company reissued a “market perform” rating on shares of NVR in a report on Friday. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a report on Friday. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, MKM Partners reissued a “neutral” rating and issued a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2,645.00.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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