Q3 2024 Earnings Estimate for NVR, Inc. (NYSE:NVR) Issued By Seaport Res Ptn

NVR, Inc. (NYSE:NVR) – Research analysts at Seaport Res Ptn dropped their Q3 2024 EPS estimates for NVR in a research note issued to investors on Wednesday, July 24th. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $127.00 per share for the quarter, down from their prior forecast of $132.00. The consensus estimate for NVR’s current full-year earnings is $494.69 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $131.00 EPS and FY2024 earnings at $495.00 EPS.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%.

Several other equities analysts have also recently issued reports on NVR. UBS Group lifted their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

NVR Price Performance

Shares of NYSE:NVR opened at $8,459.98 on Friday. The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.84 and a quick ratio of 3.97. NVR has a 12 month low of $5,210.49 and a 12 month high of $8,695.00. The stock’s 50 day moving average price is $7,724.94 and its 200 day moving average price is $7,615.63.

Institutional Trading of NVR

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 237,977 shares in the last quarter. Norges Bank purchased a new position in NVR during the 4th quarter worth approximately $246,031,000. Acadian Asset Management LLC raised its stake in NVR by 321.1% during the 1st quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock valued at $116,389,000 after purchasing an additional 10,958 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in NVR by 98.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock valued at $141,498,000 after purchasing an additional 8,684 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of NVR by 108.3% in the first quarter. Russell Investments Group Ltd. now owns 12,147 shares of the construction company’s stock valued at $98,215,000 after purchasing an additional 6,315 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other NVR news, Chairman Paul C. Saville sold 300 shares of NVR stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the transaction, the chairman now owns 106,860 shares in the company, valued at $819,661,081.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Chairman Paul C. Saville sold 300 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at $1,813,104.19. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock valued at $12,233,609 over the last ninety days. Insiders own 7.00% of the company’s stock.

NVR declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 7th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign 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.