NVR (NYSE:NVR) Stock Price Down 3% on Disappointing Earnings

Shares of NVR, Inc. (NYSE:NVR) were down 3% during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $6,845.88 and last traded at $6,917.30. Approximately 2,617 shares traded hands during trading, a decline of 90% from the average daily volume of 27,002 shares. The stock had previously closed at $7,133.84.

The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion.

Wall Street Analyst Weigh In

NVR has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

Several institutional investors and hedge funds have recently modified their holdings of NVR. Cambridge Investment Research Advisors Inc. increased its holdings in NVR by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 350 shares of the construction company’s stock worth $2,536,000 after purchasing an additional 44 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of NVR during the 1st quarter worth $587,000. Canton Hathaway LLC purchased a new position in shares of NVR during the first quarter valued at $906,000. Clarius Group LLC bought a new stake in shares of NVR in the first quarter valued at about $355,000. Finally, Janney Montgomery Scott LLC lifted its stake in NVR by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 1,078 shares of the construction company’s stock worth $7,809,000 after acquiring an additional 26 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a market capitalization of $21.27 billion, a P/E ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.07. The company’s fifty day simple moving average is $7,213.19 and its 200-day simple moving average is $8,178.52.

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.