NVR (NYSE:NVR) Releases Quarterly Earnings Results, Beats Expectations By $16.12 EPS

NVR (NYSE:NVR) posted its earnings results on Wednesday. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12, Zacks reports. NVR had a net margin of 13.27% and a return on equity of 34.16%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the company posted $139.93 earnings per share. NVR’s quarterly revenue was down 5.2% compared to the same quarter last year.

NVR Trading Down 0.2%

Shares of NYSE:NVR opened at $7,608.95 on Friday. The company’s fifty day simple moving average is $7,485.68 and its 200 day simple moving average is $7,690.20. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 10.53 and a beta of 1.01. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23. NVR has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the purchase, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

Several hedge funds have recently added to or reduced their stakes in NVR. Brighton Jones LLC grew its stake in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the period. Voleon Capital Management LP bought a new position in shares of NVR in the third quarter valued at approximately $514,000. Polymer Capital Management HK LTD purchased a new position in NVR during the 3rd quarter worth $249,000. Northwestern Mutual Wealth Management Co. boosted its holdings in NVR by 5.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 56 shares of the construction company’s stock worth $450,000 after purchasing an additional 3 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of NVR by 14.3% in the 3rd quarter. Brooklyn Investment Group now owns 32 shares of the construction company’s stock worth $257,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVR shares. UBS Group reaffirmed a “neutral” rating and issued a $8,350.00 price target on shares of NVR in a report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Bank of America lowered their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. BTIG Research started 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, Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NVR presently has an average rating of “Moderate Buy” and an average target price of $8,329.40.

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.