NVR (NYSE:NVR) Issues Earnings Results

NVR (NYSE:NVR - Get Free Report) issued its quarterly earnings results on Tuesday. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04), Zacks reports. NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion.

NVR Stock Performance

Shares of NVR traded down $62.42 during trading hours on Friday, hitting $7,084.46. The company's stock had a trading volume of 12,081 shares, compared to its average volume of 22,227. The business has a 50 day simple moving average of $7,200.74 and a two-hundred day simple moving average of $8,127.96. NVR has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company has a market cap of $21.03 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.39 and a beta of 1.07.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVR. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group dropped their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, NVR currently has a consensus rating of "Hold" and an average price target of $9,023.33.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated 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 sale, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.