NVR (NYSE:NVR) Announces Quarterly Earnings Results

NVR (NYSE:NVR) posted its quarterly earnings results on Tuesday. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50), Briefing.com reports. NVR had a net margin of 16.51% and a return on equity of 38.18%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the firm posted $125.26 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis.

NVR Trading Up 0.5 %

NYSE:NVR opened at $9,456.40 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.32. The firm has a 50-day moving average of $9,387.84 and a 200-day moving average of $8,375.33. The company has a market cap of $29.13 billion, a PE ratio of 19.33, a PEG ratio of 2.32 and a beta of 1.19. NVR has a one year low of $5,210.49 and a one year high of $9,964.77.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alfred E. Festa sold 148 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the transaction, the director now owns 173 shares in the company, valued at approximately $1,485,369.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NVR has been the subject of several recent research reports. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday.

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.