Brokerages expect that NVR, Inc. (NYSE:NVR) will report $1.66 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for NVR’s earnings, with the lowest sales estimate coming in at $1.65 billion and the highest estimate coming in at $1.67 billion. NVR reported sales of $1.51 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The business is expected to announce its next earnings report before the market opens on Thursday, October 19th.
According to Zacks, analysts expect that NVR will report full-year sales of $1.66 billion for the current year, with estimates ranging from $6.23 billion to $6.32 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.95 billion per share, with estimates ranging from $6.87 billion to $7.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover NVR.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm posted $22.01 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis.
Several research analysts recently weighed in on NVR shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. MKM Partners reaffirmed a “neutral” rating on shares of NVR in a research report on Tuesday, September 5th. Finally, Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. NVR has an average rating of “Hold” and an average price target of $2,645.00.
In other NVR news, Director William Grady Rosier sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the transaction, the director now directly owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the transaction, the insider now directly owns 5,323 shares in the company, valued at $14,211,877.70. The disclosure for this sale can be found here. Insiders sold 4,240 shares of company stock worth $11,355,358 over the last three months. 11.30% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in NVR in the first quarter valued at about $238,000. Thrivent Financial For Lutherans raised its position in NVR by 8.3% in the first quarter. Thrivent Financial For Lutherans now owns 650 shares of the construction company’s stock valued at $1,369,000 after purchasing an additional 50 shares during the period. Prudential Financial Inc. raised its position in NVR by 16.0% in the second quarter. Prudential Financial Inc. now owns 40,440 shares of the construction company’s stock valued at $97,485,000 after purchasing an additional 5,580 shares during the period. Birinyi Associates Inc. purchased a new position in NVR in the second quarter valued at about $1,005,000. Finally, Andra AP fonden purchased a new position in NVR in the second quarter valued at about $4,797,000. 79.70% of the stock is currently owned by institutional investors.
Shares of NVR (NVR) opened at 2945.56 on Tuesday. NVR has a 52 week low of $1,478.04 and a 52 week high of $2,968.97. The stock has a 50 day moving average price of $2,810.09 and a 200-day moving average price of $2,493.24. The firm has a market capitalization of $11.03 billion, a PE ratio of 23.30 and a beta of 0.66.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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