NVR Inc. (NVR) to Release Earnings on Thursday
NVR Inc. (NYSE:NVR) is set to issue its quarterly earnings data before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $29.46 per share for the quarter.
NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The business earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. On average, analysts expect NVR to post $102.14 EPS for the current fiscal year and $124.11 EPS for the next fiscal year.
Shares of NVR Inc. (NYSE:NVR) opened at 1590.71 on Monday. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 16.42 and a beta of 0.47. The firm has a 50-day moving average price of $1,653.01 and a 200-day moving average price of $1,701.74. NVR Inc. has a 52 week low of $1,462.02 and a 52 week high of $1,845.37.
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Several equities analysts have issued reports on the stock. Credit Suisse Group AG reaffirmed a “sell” rating on shares of NVR in a report on Tuesday, July 12th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. started coverage on shares of NVR in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $1,713.50.
In other news, Director William Grady Rosier sold 729 shares of NVR stock in a transaction on Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the completion of the sale, the director now directly owns 4,153 shares in the company, valued at $7,179,332.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction on Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total transaction of $205,601.99. Following the sale, the director now owns 400 shares of the company’s stock, valued at $679,676. The disclosure for this sale can be found here. Insiders own 10.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC increased its position in NVR by 5,499.1% in the second quarter. Riverhead Capital Management LLC now owns 44,121 shares of the company’s stock worth $1,192,000 after buying an additional 43,333 shares in the last quarter. Franklin Resources Inc. acquired a new position in NVR during the second quarter worth about $33,061,000. Capital Growth Management LP increased its position in NVR by 250.0% in the second quarter. Capital Growth Management LP now owns 24,500 shares of the company’s stock worth $43,618,000 after buying an additional 17,500 shares in the last quarter. Lodge Hill Capital LLC acquired a new position in NVR during the second quarter worth about $29,333,000. Finally, Citadel Advisors LLC increased its position in NVR by 7,619.1% in the second quarter. Citadel Advisors LLC now owns 11,733 shares of the company’s stock worth $20,889,000 after buying an additional 11,581 shares in the last quarter. Institutional investors own 81.96% of the company’s stock.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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