NVR (NYSE:NVR) announced that its board has approved a share buyback program, which permits the company to repurchase $300.00 million in outstanding shares on Wednesday, February 14th, EventVestor reports. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
Shares of NVR (NVR) opened at $3,208.23 on Friday. The stock has a market capitalization of $11,332.88, a price-to-earnings ratio of 25.22, a PEG ratio of 1.07 and a beta of 0.54. The company has a current ratio of 3.62, a quick ratio of 1.67 and a debt-to-equity ratio of 0.37. NVR has a 52-week low of $1,876.27 and a 52-week high of $3,700.00.
NVR (NYSE:NVR) last announced its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.01 billion. NVR had a return on equity of 38.72% and a net margin of 8.70%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $37.80 earnings per share. research analysts anticipate that NVR will post 188.66 EPS for the current fiscal year.
In other news, Director Eddie Arthur Grier sold 400 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.30% of the stock is owned by insiders.
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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