NVR, Inc. (NYSE:NVR) announced its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating analysts’ consensus estimates of $28.63 by $6.56, MarketWatch Earnings reports. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $22.01 EPS.
NVR (NYSE NVR) traded up 1.13% during trading on Wednesday, reaching $2676.00. 13,612 shares of the company’s stock traded hands. NVR has a one year low of $1,478.04 and a one year high of $2,705.16. The firm has a market capitalization of $10.03 billion, a PE ratio of 21.17 and a beta of 0.67. The company has a 50-day moving average price of $2,505.85 and a 200 day moving average price of $2,174.09.
In related news, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the completion of the sale, the chief financial officer now owns 4,225 shares in the company, valued at approximately $11,316,028.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Paul C. Saville sold 2,086 shares of NVR stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the sale, the chief executive officer now owns 118,066 shares of the company’s stock, valued at approximately $273,332,235.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,661 shares of company stock valued at $19,014,273. 11.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of NVR. 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 worth $113,000 after buying an additional 22 shares in the last quarter. Huntington National Bank raised its stake in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of NVR during the first quarter worth about $124,000. PNC Financial Services Group Inc. raised its stake in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of NVR during the first quarter worth about $158,000. Hedge funds and other institutional investors own 78.96% of the company’s stock.
NVR has been the topic of several analyst reports. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. MKM Partners reaffirmed a “neutral” rating and set a $2,600.00 target price (up from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $2,690.00 price target (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NVR has a consensus rating of “Hold” and an average price target of $2,672.00.
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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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