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

NVR (NYSE:NVR) released its earnings results on Tuesday. The construction company reported $121.54 earnings per share 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 Price Performance

Shares of NVR stock traded up $162.10 during trading on Wednesday, hitting $7,661.86. The company had a trading volume of 12,611 shares, compared to its average volume of 32,901. The stock’s 50-day moving average price is $7,466.73 and its 200 day moving average price is $7,691.15. The firm has a market capitalization of $21.76 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 10.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. NVR has a one year low of $6,562.85 and a one year high of $8,618.28.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America reduced their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Wall Street Zen cut NVR from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. BTIG Research assumed coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Finally, UBS Group dropped their target price on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NVR presently has a consensus rating of “Moderate Buy” and an average target price of $8,443.00.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 14 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the acquisition, the director directly owned 14 shares of the company’s stock, valued at approximately $98,952.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On NVR

Several institutional investors have recently bought and sold shares of NVR. Quadrant Capital Group LLC grew its position in NVR by 2.4% during the third quarter. Quadrant Capital Group LLC now owns 87 shares of the construction company’s stock worth $699,000 after buying an additional 2 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in NVR by 1.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 139 shares of the construction company’s stock worth $1,117,000 after buying an additional 2 shares in the last quarter. Vise Technologies Inc. grew its stake in NVR by 0.8% in the 3rd quarter. Vise Technologies Inc. now owns 239 shares of the construction company’s stock worth $1,920,000 after buying an additional 2 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of NVR by 5.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 56 shares of the construction company’s stock worth $450,000 after buying an additional 3 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in shares of NVR by 5.7% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 56 shares of the construction company’s stock valued at $414,000 after buying an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Company Profile

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.