Q2 2024 EPS Estimates for NVR, Inc. Lowered by Analyst (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Research analysts at Seaport Res Ptn dropped their Q2 2024 earnings estimates for shares of NVR in a research report issued on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will earn $118.00 per share for the quarter, down from their previous estimate of $132.00. The consensus estimate for NVR’s current full-year earnings is $494.66 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.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group lifted their target price on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday.

NVR Price Performance

NYSE NVR opened at $7,647.04 on Friday. The company has a 50-day moving average price of $7,741.99 and a 200-day moving average price of $6,982.80. NVR has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $24.47 billion, a P/E ratio of 15.94, a PEG ratio of 3.21 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. NVR’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $99.89 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVR. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 7,516 shares during the last quarter. International Assets Investment Management LLC lifted its position in NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after buying an additional 237,977 shares during the last quarter. Invesco Ltd. lifted its position in NVR by 11.2% in the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after buying an additional 4,468 shares during the last quarter. Smead Capital Management Inc. boosted its stake in NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after buying an additional 277 shares during the period. Finally, Northern Trust Corp increased its position in NVR by 11.4% during the third 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 during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 100 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,751,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NVR news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 100 shares of the business’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 completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,751,450. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $59,155,947 in the last three months. 7.00% of the stock is currently owned by corporate insiders.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are 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.