NVR (NYSE:NVR) Issues Quarterly Earnings Results

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

NVR Price Performance

NYSE:NVR traded up $66.09 during trading hours on Wednesday, reaching $7,901.20. 846 shares of the company traded hands, compared to its average volume of 18,816. The firm’s 50-day moving average is $7,727.23 and its 200-day moving average is $6,955.26. The stock has a market cap of $25.28 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. NVR has a 1-year low of $5,210.49 and a 1-year high of $8,211.40.

Insider Buying and Selling at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,751,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,981 shares of company stock worth $59,155,947. 7.00% of the stock is owned by insiders.

NVR announced that its Board of Directors has approved a share repurchase 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 reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

NVR Company Profile

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.