Q2 2024 Earnings Estimate for NVR, Inc. (NYSE:NVR) Issued By Seaport Res Ptn

NVR, Inc. (NYSE:NVR) – Seaport Res Ptn cut their Q2 2024 earnings per share estimates for NVR in a report issued on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings of $118.00 per share for the quarter, down from their prior forecast of $132.00. The consensus estimate for NVR’s current full-year earnings is $502.66 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $133.00 EPS, FY2024 earnings at $499.00 EPS and FY2025 earnings at $509.00 EPS.

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

NVR Stock Performance

Shares of NVR opened at $7,725.00 on Friday. The company has a current ratio of 6.52, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. NVR has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The firm has a fifty day simple moving average of $7,736.86 and a 200 day simple moving average of $6,966.46. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last issued its quarterly 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. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the business earned $99.89 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis.

Institutional Investors Weigh In On NVR

Several institutional investors have recently made changes to their positions in the stock. First Pacific Financial bought a new position in NVR during the 3rd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the fourth quarter valued at about $35,000. Criterion Capital Advisors LLC acquired a new position in NVR in the fourth quarter valued at about $42,000. Allworth Financial LP lifted its position in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the period. Finally, USA Financial Formulas bought a new position in NVR in the 4th quarter valued at about $63,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,684,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,684,750. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,751,450. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock valued at $59,155,947 over the last ninety days. 7.00% of the stock is currently owned by company insiders.

NVR announced that its Board of Directors has authorized a share buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.