NVR (NYSE:NVR) Shares Down 3% Following Weak Earnings

NVR, Inc. (NYSE:NVR - Get Free Report)'s share price fell 3% during trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $6,845.88 and last traded at $6,917.30. 2,617 shares were traded during trading, a decline of 90% from the average session volume of 27,002 shares. The stock had previously closed at $7,133.84.

The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%.

Wall Street Analyst Weigh In

Several brokerages have commented on NVR. UBS Group cut their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus price target of $9,023.33.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently modified their holdings of the company. JDM Financial Group LLC bought a new stake in NVR in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR during the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC raised its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after acquiring an additional 3 shares during the period. CX Institutional acquired a new stake in NVR during the 1st quarter valued at $43,000. Finally, Smartleaf Asset Management LLC boosted its position in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

The stock has a market capitalization of $21.03 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 2.39 and a beta of 1.07. The company's fifty day simple moving average is $7,200.74 and its 200 day simple moving average is $8,127.96. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

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.