Seaport Res Ptn Has Pessimistic View of NVR FY2024 Earnings

NVR, Inc. (NYSE:NVR) – Equities research analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for shares of NVR in a research report issued on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will post earnings per share of $471.00 for the year, down from their prior estimate of $495.00. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $490.62 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $104.00 EPS and FY2025 earnings at $460.00 EPS.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. 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 earned $125.26 EPS.

A number of other research firms also recently issued reports on NVR. Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group upped their price objective on 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, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Trading Up 0.8 %

Shares of NYSE:NVR opened at $9,179.61 on Wednesday. The company’s 50-day moving average price is $9,445.21 and its two-hundred day moving average price is $8,527.18. NVR has a one year low of $6,052.58 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The stock has a market capitalization of $28.09 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Drive Wealth Management LLC boosted its holdings in shares of NVR by 7.7% during the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock worth $212,000 after acquiring an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in NVR by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock valued at $2,383,000 after purchasing an additional 2 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in NVR by 8.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock valued at $190,000 after buying an additional 2 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock worth $167,000 after buying an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the company’s 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company’s stock.

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.