NVR (NYSE:NVR) Releases Quarterly Earnings Results, Beats Estimates By $83.06 EPS

NVR (NYSE:NVR) announced its quarterly earnings data on Thursday. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06, RTT News reports. NVR had a return on equity of 30.23% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $108.54 earnings per share. NVR’s quarterly revenue was down 10.5% compared to the same quarter last year.

NVR Stock Up 4.4%

NVR stock opened at $6,425.36 on Friday. NVR has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 15.80 and a beta of 0.90. The firm has a fifty day moving average price of $6,370.66 and a two-hundred day moving average price of $6,786.91.

Institutional Investors Weigh In On NVR

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming raised its holdings in NVR by 33.3% in the 4th quarter. State of Wyoming now owns 8 shares of the construction company’s stock valued at $58,000 after acquiring an additional 2 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in NVR by 2.4% during the third quarter. Quadrant Capital Group LLC now owns 87 shares of the construction company’s stock worth $699,000 after buying an additional 2 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in NVR by 1.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 139 shares of the construction company’s stock valued at $1,117,000 after buying an additional 2 shares during the period. Vise Technologies Inc. lifted its holdings in shares of NVR by 0.8% during the 3rd quarter. Vise Technologies Inc. now owns 239 shares of the construction company’s stock worth $1,920,000 after acquiring an additional 2 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its position in shares of NVR by 5.7% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 56 shares of the construction company’s stock valued at $414,000 after acquiring an additional 3 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent research reports. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America cut their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. UBS Group set a $7,400.00 price objective on shares of NVR in a research note on Friday. BTIG Research set a $7,446.00 price objective on shares of NVR in a report on Friday. Finally, Seaport Research Partners restated a “sell” rating and set a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $7,224.20.

Key NVR News

Here are the key news stories impacting NVR this week:

• Negative Sentiment: NVR’s second-quarter results missed expectations on revenue and earnings, with EPS falling to $83.96 from $108.54 a year ago and revenue dropping about 10% as fewer settlements and lower pricing weighed on results. NVR, INC. ANNOUNCES SECOND QUARTER RESULTS
• Negative Sentiment: Homebuilding margin pressure was a key concern, with higher lot costs, pricing pressure, and contract land deposit impairments cutting profitability despite improved orders and backlog growth. NVR Q2 Earnings Miss Estimates on Margin Pressure, Stock Down
• Negative Sentiment: Truist Financial lowered its price target on NVR to $6,400 from $6,600 and kept a hold rating, signaling more cautious expectations for the shares. Benzinga
• Negative Sentiment: Zacks Research downgraded NVR to “strong sell” and trimmed several future earnings estimates, reinforcing concerns that near-term earnings momentum may stay weak. Zacks.com

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.