NVR (NVR) to Release Earnings on Tuesday

NVR (NYSE:NVR) is projected to post its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect NVR to post earnings of $108.22 per share and revenue of $2.35 billion for the quarter.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, analysts expect NVR to post $505 EPS for the current fiscal year and $545 EPS for the next fiscal year.

NVR Stock Up 0.7 %

NYSE NVR opened at $7,255.55 on Tuesday. NVR has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a market cap of $21.54 billion, a PE ratio of 14.30, a P/E/G ratio of 2.39 and a beta of 1.07. The business’s fifty day simple moving average is $7,252.16 and its 200-day simple moving average is $8,274.97. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVR

A hedge fund recently raised its stake in NVR stock. Brighton Jones LLC boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 68.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76 shares of the construction company’s stock after acquiring an additional 31 shares during the quarter. Brighton Jones LLC’s holdings in NVR were worth $622,000 as of its most recent filing with the Securities and Exchange Commission. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVR. JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, NVR currently has an average rating of “Hold” and a consensus target price of $9,356.67.

About NVR

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.