NVR (NVR) Expected to Announce Earnings on Tuesday

NVR (NYSE:NVR) will likely be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $108.22 per share and revenue of $2.35 billion for the quarter.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, analysts expect NVR to post $505 EPS for the current fiscal year and $545 EPS for the next fiscal year.

NVR Trading Up 2.0 %

NVR stock opened at $7,188.69 on Monday. The company has a market capitalization of $21.34 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. The company’s 50 day moving average price is $7,219.56 and its two-hundred day moving average price is $8,202.15.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVR. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9,356.67.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

An institutional investor recently raised its position in NVR stock. Brighton Jones LLC increased its holdings in NVR, Inc. (NYSE:NVR) by 68.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76 shares of the construction company’s stock after acquiring an additional 31 shares during the quarter. Brighton Jones LLC’s holdings in NVR were worth $622,000 as of its most recent filing with the Securities & Exchange Commission. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

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.