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

NVR, Inc. (NYSE:NVR) – Investment analysts at Zacks Research raised their Q1 2024 earnings estimates for NVR in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $101.11 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 issued its earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, topping analysts’ consensus estimates of $121.50 by $0.06. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the firm posted $133.44 earnings per share.

Separately, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

NVR Trading Up 0.6 %

Shares of NYSE:NVR opened at $7,718.27 on Thursday. The stock 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 company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The company has a 50 day moving average price of $7,708.72 and a 200 day moving average price of $6,903.36.

Institutional Investors Weigh In On NVR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Pacific Financial bought a new position in shares of NVR during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR during the 4th quarter valued at $35,000. Clear Street Markets LLC raised its holdings in shares of NVR by 133.3% during the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after purchasing an additional 4 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in NVR in the 4th quarter worth $42,000. Finally, Allworth Financial LP raised its holdings in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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 value of $1,836,235.00. Following the completion of the transaction, the director now owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, Director Susan Williamson Ross sold 250 shares of the 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 value of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares in the company, valued at approximately $2,974,700.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction that occurred 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 owns 230 shares of the company’s stock, valued at approximately $1,751,450. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. Company insiders own 7.00% of the company’s stock.

NVR declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.