NVR (NYSE:NVR) Posts Quarterly Earnings Results, Misses Estimates By $0.96 EPS

NVR (NYSE:NVR) posted its quarterly earnings data on Tuesday. The construction company reported $120.69 earnings per share for the quarter, missing the consensus estimate of $121.65 by ($0.96), Zacks reports. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%.

NVR Price Performance

Shares of NVR stock traded up $128.72 during trading hours on Friday, hitting $8,600.60. The company had a trading volume of 22,268 shares, compared to its average volume of 19,529. NVR has a 12 month low of $5,210.49 and a 12 month high of $8,695.00. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.54 and a beta of 1.17. The firm’s fifty day moving average is $7,724.94 and its 200 day moving average is $7,615.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.97 and a current ratio of 5.84.

NVR announced that its board has authorized a stock repurchase plan on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director William Grady Rosier sold 600 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the sale, the director now directly owns 1,701 shares in the company, valued at approximately $13,039,236.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director William Grady Rosier sold 600 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the sale, the director now directly owns 1,701 shares in the company, valued at approximately $13,039,236.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,771,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,600 shares of company stock worth $12,233,609. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group upped their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

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.