NVR (NYSE:NVR) Issues Earnings Results, Misses Expectations By $13.04 EPS

NVR (NYSE:NVR - Get Free Report) announced its quarterly earnings results on Tuesday. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04), Zacks reports. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%.

NVR Stock Performance

NVR stock traded down $34.08 during trading hours on Friday, hitting $7,112.80. The company had a trading volume of 391 shares, compared to its average volume of 22,200. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm has a 50-day moving average of $7,203.77 and a 200 day moving average of $8,155.40. The firm has a market cap of $21.12 billion, a PE ratio of 13.95, a PEG ratio of 2.39 and a beta of 1.07.

Analyst Upgrades and Downgrades

NVR has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group cut their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9,023.33.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVR

An institutional investor recently raised its position in NVR stock. Brighton Jones LLC increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 68.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76 shares of the construction company's stock after buying an additional 31 shares during the period. Brighton Jones LLC's holdings in NVR were worth $622,000 as of its most recent SEC filing. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of 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.