What is Seaport Res Ptn’s Forecast for NVR FY2024 Earnings?

NVR, Inc. (NYSE:NVR) – Stock analysts at Seaport Res Ptn lifted their FY2024 EPS estimates for NVR in a research note issued to investors on Monday, November 11th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will earn $488.00 per share for the year, up from their previous forecast of $471.00. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $490.62 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $121.00 EPS and FY2025 earnings at $531.00 EPS.

A number of other research firms have also commented on NVR. UBS Group raised their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America cut their target price on 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. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, NVR currently has an average rating of “Hold” and an average target price of $8,783.33.

NVR Stock Down 0.1 %

NVR stock opened at $9,105.67 on Thursday. NVR has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.97 and a beta of 1.20. The company’s 50-day moving average price is $9,442.51 and its two-hundred day moving average price is $8,522.62. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company posted $125.26 EPS. NVR’s revenue for the quarter was up 6.6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its stake in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of NVR in the third quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the third quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new position in shares of NVR during the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA lifted its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock worth $7,294,073 in the last three months. 7.00% of the stock is owned by insiders.

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.