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NVR (NYSE:NVR) Releases Earnings Results, Beats Estimates By $3.65 EPS

NVR logo with Construction background

NVR (NYSE:NVR - Get Free Report) released its quarterly earnings data on Wednesday. The construction company reported $108.54 EPS for the quarter, topping analysts' consensus estimates of $104.89 by $3.65, Zacks reports. NVR had a return on equity of 36.67% and a net margin of 14.68%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $120.69 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year.

NVR Stock Up 0.0%

Shares of NVR traded up $2.49 during trading hours on Friday, hitting $7,791.88. 12,659 shares of the company were exchanged, compared to its average volume of 23,880. The company has a market cap of $22.78 billion, a PE ratio of 16.45, a PEG ratio of 8.87 and a beta of 0.99. The firm's 50 day moving average is $7,334.98 and its 200-day moving average is $7,394.23. 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 0.23, a quick ratio of 3.02 and a current ratio of 5.37.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, UBS Group increased their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8,783.33.

Get Our Latest Report on NVR

Hedge Funds Weigh In On NVR

A hedge fund recently raised its stake in NVR stock. Brighton Jones LLC increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 68.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 76 shares of the construction company's stock after purchasing an additional 31 shares during the period. Brighton Jones LLC's holdings in NVR were worth $622,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR announced that its board has initiated a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

About NVR

(Get Free Report)

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.

Further Reading

Earnings History for NVR (NYSE:NVR)

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