NVR (NYSE:NVR) Announces Quarterly Earnings Results

Key Points

• NVR reported quarterly earnings of $112.33 per share, surpassing the consensus estimate by $4.45.
• Despite strong earnings, NVR's stock price declined by 1.1%, ending at $7,703.00.
• Analysts have mixed ratings on NVR, with one Buy rating and four Hold ratings, leading to a consensus target price of $8,250.00.

NVR (NYSE:NVR - Get Free Report) announced its quarterly earnings data on Wednesday. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $107.88 by $4.45, Zacks reports. NVR had a net margin of 14.68% and a return on equity of 37.35%.

NVR Trading Down 1.1%

Shares of NVR stock traded down $89.13 on Wednesday, reaching $7,703.00. The company had a trading volume of 1,131 shares, compared to its average volume of 22,253. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock has a market cap of $22.11 billion, a PE ratio of 16.13, a PEG ratio of 10.68 and a beta of 0.94. The company has a 50-day moving average of $8,061.03 and a 200-day moving average of $7,583.33. NVR has a 12 month low of $6,562.85 and a 12 month high of $9,573.04.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVR. JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. Bank of America lowered their price target on shares of NVR from $9,100.00 to $9,000.00 and set a "buy" rating on the stock in a report on Friday, October 10th. UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8,250.00.

Insider Activity

In other news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 in the last ninety days. 7.80% of the stock is owned by insiders.

Institutional Trading of NVR

A number of large investors have recently bought and sold shares of the business. State of Wyoming bought a new stake in NVR during the 2nd quarter worth approximately $44,000. Tower Research Capital LLC TRC increased its stake in NVR by 7.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 292 shares of the construction company's stock worth $2,157,000 after purchasing an additional 19 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in NVR during the 2nd quarter worth approximately $66,000. Captrust Financial Advisors boosted its position in NVR by 25.0% during the 2nd quarter. Captrust Financial Advisors now owns 395 shares of the construction company's stock worth $2,921,000 after acquiring an additional 79 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in NVR by 2.2% during the 2nd quarter. Vident Advisory LLC now owns 416 shares of the construction company's stock worth $3,072,000 after acquiring an additional 9 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.