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

NVR (NYSE:NVR) issued its quarterly earnings data on Tuesday. The construction company reported $116.41 EPS for the quarter, topping the consensus estimate of $103.97 by $12.44, Briefing.com reports. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.81% and a net margin of 17.33%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $99.89 earnings per share.

NVR Price Performance

NVR stock opened at $7,798.28 on Thursday. NVR has a one year low of $5,210.49 and a one year high of $8,211.40. The business has a fifty day moving average price of $7,733.16 and a 200-day moving average price of $6,961.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. The firm has a market capitalization of $24.95 billion, a P/E ratio of 16.25, a PEG ratio of 2.85 and a beta of 1.13.

NVR declared that its board has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at NVR

In other news, Chairman Paul C. Saville sold 250 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,751,450. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $59,155,947 over the last three months. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVR. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group increased their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday.

NVR Company Profile

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.