NVR (NYSE:NVR) Releases Quarterly Earnings Results, Misses Expectations By $13.32 EPS

NVR (NYSE:NVR) posted its quarterly earnings data on Thursday. The construction company reported $89.45 earnings per share for the quarter, missing the consensus estimate of $102.77 by ($13.32), Zacks reports. NVR had a return on equity of 31.02% and a net margin of 12.26%.

NVR Trading Down 0.3%

Shares of NVR stock traded down $16.46 on Thursday, reaching $5,883.54. 10,984 shares of the company’s stock were exchanged, compared to its average volume of 31,263. The company has a market capitalization of $15.65 billion, a P/E ratio of 15.28 and a beta of 0.90. NVR has a 52 week low of $5,501.01 and a 52 week high of $8,200.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The firm’s 50-day moving average is $6,176.79 and its two-hundred day moving average is $6,309.18.

Insider Buying and Selling at NVR

In related news, Director George Oliver acquired 63 shares of the stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVR. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Truist Financial decreased their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Bank of America lowered their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Morgan Stanley started coverage on NVR in a research report on Thursday, October 1st. They issued an “underweight” rating and a $5,058.00 price objective for the company. Finally, Zacks Research downgraded NVR from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6,809.67.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.