Zacks Research Has Pessimistic View of NVR FY2024 Earnings

NVR, Inc. (NYSE:NVR) – Research analysts at Zacks Research cut their FY2024 earnings estimates for shares of NVR in a note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Gupta now forecasts that the construction company will post earnings of $497.08 per share for the year, down from their prior estimate of $498.63. The consensus estimate for NVR’s current full-year earnings is $494.87 per share. Zacks Research also issued estimates for NVR’s Q4 2024 earnings at $129.48 EPS, Q1 2025 earnings at $120.88 EPS, Q3 2025 earnings at $139.30 EPS, Q4 2025 earnings at $136.26 EPS, FY2025 earnings at $531.90 EPS, Q1 2026 earnings at $131.66 EPS and Q2 2026 earnings at $148.48 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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $125.26 earnings per share.

A number of other brokerages also recently weighed in on NVR. Bank of America cut their price target on shares of 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 increased their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Price Performance

Shares of NVR opened at $9,026.00 on Friday. The stock has a market cap of $27.62 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. NVR has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The stock’s 50-day moving average price is $9,444.50 and its two-hundred day moving average price is $8,545.24. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated 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 sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVR

A number of hedge funds and other institutional investors have recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV grew its stake in shares of 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 acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR during the third quarter worth $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter valued at $39,000. Private Trust Co. NA increased its stake in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in NVR during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 83.67% 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.