Q3 2024 Earnings Estimate for NVR, Inc. Issued By Seaport Res Ptn (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Research analysts at Seaport Res Ptn lowered their Q3 2024 EPS estimates for shares of NVR in a report released on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $132.00 per share for the quarter, down from their previous forecast of $137.00. The consensus estimate for NVR’s current full-year earnings is $499.45 per share.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.81%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $99.89 earnings per share.

Several other research analysts also recently weighed in on the stock. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group lifted their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday.

NVR Stock Performance

NVR stock opened at $7,725.00 on Thursday. The firm’s 50 day simple moving average is $7,736.86 and its 200-day simple moving average is $6,966.46. The company has a market cap of $24.72 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.85 and a beta of 1.13. 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 has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,981 shares of company stock worth $59,155,947. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

A number of institutional investors have recently added to or reduced their stakes in NVR. International Assets Investment Management LLC lifted its stake in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after acquiring an additional 237,977 shares during the last quarter. Norges Bank acquired a new stake in NVR in the fourth quarter valued at approximately $246,031,000. Artisan Partners Limited Partnership acquired a new stake in NVR in the third quarter valued at approximately $62,370,000. Vanguard Group Inc. lifted its stake in NVR by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after acquiring an additional 7,516 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in NVR by 25.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company’s stock valued at $194,045,000 after acquiring an additional 5,549 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.