NVR (NYSE:NVR) announced its quarterly earnings data on Friday. The construction company reported $53.09 earnings per share for the quarter, beating analysts’ consensus estimates of $44.87 by $8.22, Briefing.com reports. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. NVR had a net margin of 11.54% and a return on equity of 44.03%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $49.05 earnings per share.
Shares of NVR stock opened at $3,520.01 on Monday. The stock has a 50-day moving average price of $3,378.84. The firm has a market capitalization of $12.64 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.66 and a beta of 0.66. NVR has a fifty-two week low of $2,040.71 and a fifty-two week high of $3,582.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.14 and a current ratio of 4.29.
A number of equities research analysts have recently weighed in on NVR shares. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Evercore ISI started coverage on shares of Helmerich & Payne in a report on Thursday, June 6th. They issued an “outperform” rating on the stock. Wells Fargo & Co started coverage on shares of Deckers Outdoor in a report on Tuesday, April 23rd. They issued a “market perform” rating and a $163.00 price target on the stock. Finally, Buckingham Research upped their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $3,359.86.
In other NVR news, CEO Paul C. Saville sold 2,900 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $3,279.75, for a total value of $9,511,275.00. Following the completion of the transaction, the chief executive officer now owns 117,170 shares in the company, valued at $384,288,307.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Paul C. Saville sold 7,100 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $3,298.44, for a total transaction of $23,418,924.00. Following the completion of the transaction, the chief executive officer now owns 117,170 shares of the company’s stock, valued at approximately $386,478,214.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,320 shares of company stock valued at $83,126,269. Insiders own 11.10% of the company’s stock.
NVR declared that its Board of Directors has authorized a share repurchase program on Thursday, May 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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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