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

NVR (NYSE:NVR) released its quarterly earnings results on Tuesday. The construction company reported $116.41 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company earned $99.89 EPS. NVR’s revenue for the quarter was up 7.3% on a year-over-year basis.

NVR Trading Up 0.3 %

NVR stock traded up $25.47 during midday trading on Friday, reaching $7,750.47. The stock had a trading volume of 4,485 shares, compared to its average volume of 18,829. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. NVR has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.82 and a beta of 1.13. The business has a fifty day simple moving average of $7,736.86 and a two-hundred day simple moving average of $6,966.46.

NVR declared that its board has initiated a stock repurchase plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group boosted their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Matthew B. Kelpy sold 150 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7,500.00, for a total value of $1,125,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,725,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,684,750. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock worth $59,155,947 over the last ninety days. Company insiders own 7.00% of the company’s stock.

About NVR

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.