NVR (NYSE:NVR) Posts Quarterly Earnings Results, Misses Expectations By $13.32 EPS

NVR (NYSE:NVR) issued its quarterly earnings data on Thursday. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $102.77 by ($13.32), Zacks reports. NVR had a return on equity of 31.02% and a net margin of 12.26%.

NVR Stock Up 1.2%

Shares of NYSE:NVR traded up $72.72 during trading on Thursday, hitting $5,972.72. 13,906 shares of the company were exchanged, compared to its average volume of 31,283. NVR has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,200.00. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 15.49 and a beta of 0.90. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $6,176.79 and a two-hundred day moving average price of $6,309.18.

Insider Activity at NVR

In other news, Director George Oliver bought 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVR. Weiss Ratings raised shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Truist Financial lowered their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a report on Monday, September 21st. Bank of America dropped their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6,809.67.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.