NVR, Inc. (NYSE:NVR) released its quarterly earnings data on Friday. The construction company reported $35.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $28.89 by $6.30, MarketWatch Earnings reports. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. NVR had a net margin of 7.90% and a return on equity of 34.48%. NVR’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $22.01 earnings per share.
NVR (NVR) traded up 8.22% during mid-day trading on Friday, reaching $2648.45. 91,262 shares of the company traded hands. The company has a market capitalization of $9.93 billion, a P/E ratio of 23.45 and a beta of 0.66. The stock has a 50 day moving average price of $2,439.94 and a 200-day moving average price of $2,114.66. NVR has a 52-week low of $1,478.04 and a 52-week high of $2,660.32.
NVR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and issued a $2,690.00 price target (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Zelman & Associates cut shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $2,708.00.
In related news, Director David A. Preiser sold 1,302 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $2,070.07, for a total transaction of $2,695,231.14. Following the completion of the sale, the director now owns 1,573 shares of the company’s stock, valued at $3,256,220.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eddie Arthur Grier sold 325 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $2,283.55, for a total value of $742,153.75. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $1,141,775. The disclosure for this sale can be found here. Insiders have sold 18,257 shares of company stock valued at $39,023,767 in the last ninety days. 11.30% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after buying an additional 22 shares in the last quarter. Huntington National Bank boosted its stake in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in NVR during the first quarter valued at approximately $124,000. PNC Financial Services Group Inc. boosted its stake in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of NVR during the first quarter worth approximately $158,000. 78.76% of the stock is owned by institutional investors and hedge funds.
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NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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