Q1 2024 EPS Estimates for NVR, Inc. Lifted by Zacks Research (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Equities researchers at Zacks Research boosted their Q1 2024 earnings per share estimates for NVR in a research report issued to clients and investors on Wednesday, April 17th. Zacks Research analyst A. Gupta now forecasts that the construction company will earn $101.11 per share for the quarter, up from their prior estimate of $100.64. The consensus estimate for NVR’s current full-year earnings is $497.80 per share. Zacks Research also issued estimates for NVR’s Q2 2024 earnings at $114.81 EPS, Q3 2024 earnings at $124.33 EPS, Q4 2024 earnings at $129.17 EPS, FY2024 earnings at $469.42 EPS, Q1 2025 earnings at $104.56 EPS, Q2 2025 earnings at $119.66 EPS, Q3 2025 earnings at $128.83 EPS, Q4 2025 earnings at $132.83 EPS and Q1 2026 earnings at $107.92 EPS.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $121.50 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company earned $133.44 EPS.

Separately, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

NVR Price Performance

NYSE:NVR opened at $7,718.27 on Thursday. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.79 and a beta of 1.13. NVR has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The business has a 50 day simple moving average of $7,708.72 and a 200-day simple moving average of $6,903.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90.

NVR declared that its board has approved a stock buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the transaction, the director now owns 405 shares in the company, valued at approximately $2,974,700.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,751,450. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the sale, the director now directly owns 405 shares of the company’s stock, valued at $2,974,700.70. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $59,155,947 in the last quarter. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Strata Wealth Advisors LLC raised its position in NVR by 21.6% during the 1st quarter. Strata Wealth Advisors LLC now owns 236 shares of the construction company’s stock valued at $1,912,000 after purchasing an additional 42 shares in the last quarter. Alpha Omega Wealth Management LLC bought a new stake in NVR during the 1st quarter valued at $202,000. Occidental Asset Management LLC bought a new position in shares of NVR in the 1st quarter worth $202,000. Wealth Enhancement Advisory Services LLC raised its position in shares of NVR by 0.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 418 shares of the construction company’s stock worth $3,389,000 after acquiring an additional 2 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of NVR by 1.1% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,169 shares of the construction company’s stock worth $17,569,000 after acquiring an additional 24 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

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.