Seaport Res Ptn Weighs in on NVR, Inc.’s Q3 2024 Earnings (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Research analysts at Seaport Res Ptn lowered their Q3 2024 earnings estimates for shares of NVR in a research report issued to clients and investors on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now expects that the construction company will earn $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 $502.66 per share.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion during 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 38.54%. NVR’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $99.89 EPS.

NVR has been the subject of several other reports. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group increased their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday.

NVR Price Performance

NYSE NVR opened at $7,647.04 on Thursday. The company has a current ratio of 6.52, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $7,741.99 and a 200 day simple moving average of $6,976.75. The company has a market cap of $24.47 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.82 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.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The shares were 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 in the company, valued at approximately $1,751,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Williamson Ross sold 250 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the sale, the director now owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. In the last three months, insiders sold 7,981 shares of company stock valued at $59,155,947. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in NVR by 2.1% in the 3rd 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 in the last quarter. International Assets Investment Management LLC increased its position in NVR by 626,255.3% in the 4th 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 in the last quarter. Invesco Ltd. increased its position in NVR by 11.2% in the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock valued at $264,287,000 after acquiring an additional 4,468 shares in the last quarter. Smead Capital Management Inc. increased its position in NVR by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock valued at $276,385,000 after acquiring an additional 277 shares in the last quarter. Finally, Northern Trust Corp increased its position in NVR by 11.4% in the 3rd quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock valued at $229,694,000 after acquiring an additional 3,943 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.