NVR (NYSE:NVR) announced its earnings results on Friday, October 18th. The construction company reported $56.11 earnings per share for the quarter, topping the consensus estimate of $51.52 by $4.59, Briefing.com reports. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.84 billion. NVR had a net margin of 11.82% and a return on equity of 41.69%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $48.28 earnings per share.
NVR stock traded down $4.17 during mid-day trading on Friday, reaching $3,423.25. The company had a trading volume of 24,314 shares, compared to its average volume of 28,877. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.73 and a quick ratio of 2.41. The stock’s 50-day simple moving average is $3,651.70 and its 200-day simple moving average is $3,467.07. NVR has a 1 year low of $2,257.04 and a 1 year high of $3,946.50. The company has a market capitalization of $12.53 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.46 and a beta of 0.59.
NVR has been the subject of a number of recent analyst reports. Bank of America upgraded shares of NVR from a “neutral” rating to a “buy” rating and set a $4,150.00 price objective for the company in a research report on Wednesday. They noted that the move was a valuation call. Evercore ISI upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of NVR from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $3,300.00 to $3,680.00 in a research report on Wednesday, September 11th. Evercore upgraded shares of NVR from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Finally, ValuEngine cut shares of NVR from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. NVR has a consensus rating of “Buy” and a consensus price target of $3,799.83.
In other news, CEO Paul C. Saville sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $3,578.52, for a total transaction of $17,892,600.00. Following the completion of the transaction, the chief executive officer now directly owns 115,770 shares of the company’s stock, valued at approximately $414,285,260.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight C. Schar sold 2,485 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $3,671.87, for a total transaction of $9,124,596.95. Following the transaction, the director now directly owns 53,315 shares of the company’s stock, valued at $195,765,749.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,900 shares of company stock valued at $60,752,453. Corporate insiders own 11.10% of the company’s stock.
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.
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