NVR, Inc. (NYSE:NVR) issued its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $28.63 by $6.56, MarketWatch Earnings reports. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm posted $22.01 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year.
Shares of NVR (NYSE NVR) opened at 2741.03 on Thursday. The company has a 50-day moving average price of $2,548.88 and a 200-day moving average price of $2,211.24. NVR has a 12-month low of $1,478.04 and a 12-month high of $2,748.57. The company has a market cap of $10.26 billion, a P/E ratio of 21.68 and a beta of 0.67.
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Several equities analysts have recently issued reports on NVR shares. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Bank of America Corporation reiterated a “buy” rating and issued a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Finally, MKM Partners reiterated a “neutral” rating and issued a $2,600.00 price objective (up previously from $1,900.00) on shares of NVR in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. NVR has an average rating of “Hold” and a consensus price target of $2,672.00.
In other NVR news, Director Susan Williamson Ross acquired 30 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $2,253.43 per share, with a total value of $67,602.90. Following the purchase, the director now directly owns 30 shares of the company’s stock, valued at $67,602.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eddie Arthur Grier sold 325 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total value of $742,153.75. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at $1,141,775. The disclosure for this sale can be found here. Insiders have sold a total of 7,161 shares of company stock worth $17,949,273 over the last ninety days. Company insiders own 11.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NVR. Dimensional Fund Advisors LP increased its position in shares of NVR by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,481 shares of the construction company’s stock worth $34,185,000 after buying an additional 375 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of NVR by 35.2% in the fourth quarter. GSA Capital Partners LLP now owns 169 shares of the construction company’s stock worth $282,000 after buying an additional 44 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of NVR by 7.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 600 shares of the construction company’s stock worth $1,001,000 after buying an additional 40 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of NVR during the fourth quarter worth about $1,363,000. Finally, RMB Capital Management LLC increased its position in shares of NVR by 18.9% in the fourth quarter. RMB Capital Management LLC now owns 12,336 shares of the construction company’s stock worth $20,589,000 after buying an additional 1,957 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors.
About NVR
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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