NVR (NYSE:NVR) Issues Quarterly Earnings Results

NVR (NYSE:NVR - Get Free Report) posted its quarterly earnings results on Tuesday. The construction company reported $116.41 earnings per share for the quarter, beating the consensus estimate of $103.97 by $12.44, Briefing.com reports. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. NVR's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $99.89 earnings per share.

NVR Stock Down 0.5 %

Shares of NYSE NVR traded down $36.83 during mid-day trading on Wednesday, reaching $7,798.28. 12,592 shares of the company traded hands, compared to its average volume of 18,964. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The stock has a market cap of $24.94 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13. The company's fifty day moving average is $7,733.16 and its two-hundred day moving average is $6,961.16. NVR has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, February 15th. UBS Group upped their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a "neutral" rating in a research report on Wednesday.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $1,684,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $1,684,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the sale, the chairman now owns 106,860 shares of the company's stock, valued at approximately $813,314,665.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,981 shares of company stock valued at $59,155,947. Insiders own 7.00% of the company's stock.

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.