What is Seaport Res Ptn’s Forecast for NVR FY2024 Earnings?

NVR, Inc. (NYSE:NVR) – Research analysts at Seaport Res Ptn raised their FY2024 earnings estimates for shares of NVR in a note issued to investors on Monday, November 11th. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings per share of $488.00 for the year, up from their prior estimate of $471.00. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $494.87 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $121.00 EPS and FY2025 earnings at $531.00 EPS.

NVR has been the subject of a number of other reports. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Bank of America cut their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Trading Down 1.6 %

NVR stock opened at $9,033.21 on Thursday. NVR has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $9,444.50 and its two-hundred day simple moving average is $8,537.55.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $125.26 EPS.

Hedge Funds Weigh In On NVR

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vestcor Inc boosted its stake in shares of NVR by 2.0% during the third quarter. Vestcor Inc now owns 208 shares of the construction company’s stock valued at $2,041,000 after purchasing an additional 4 shares in the last quarter. Conway Capital Management Inc. purchased a new stake in NVR during the third quarter worth $599,000. PYA Waltman Capital LLC boosted its position in NVR by 4.1% during the 3rd quarter. PYA Waltman Capital LLC now owns 435 shares of the construction company’s stock valued at $4,268,000 after acquiring an additional 17 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of NVR by 1.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,315 shares of the construction company’s stock valued at $12,903,000 after acquiring an additional 13 shares during the period. Finally, MML Investors Services LLC raised its position in shares of NVR by 2.1% in the 3rd quarter. MML Investors Services LLC now owns 242 shares of the construction company’s stock worth $2,374,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

NVR Company Profile

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.