NVR (NYSE:NVR) Posts Earnings Results

NVR (NYSE:NVR) posted its quarterly earnings data on Tuesday. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30, Zacks reports. NVR had a net margin of 16.51% and a return on equity of 38.20%.

NVR Stock Down 1.0 %

NVR stock traded down $83.12 during mid-day trading on Tuesday, reaching $8,299.51. The company had a trading volume of 5,339 shares, compared to its average volume of 27,623. The firm has a fifty day simple moving average of $8,515.52 and a 200 day simple moving average of $8,893.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. NVR has a fifty-two week low of $6,999.44 and a fifty-two week high of $9,964.77.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVR shares. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group cut their target price on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9,531.67.

NVR declared that its board has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.