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

NVR, Inc. (NYSE:NVR) – Analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share estimates for NVR in a report released on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings per share of $132.00 for the quarter, down from their prior estimate of $137.00. The consensus estimate for NVR’s current full-year earnings is $499.45 per share.

A number of other research analysts also recently commented on the company. UBS Group boosted their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday.

NVR Stock Down 0.9 %

NVR opened at $7,725.00 on Thursday. The company has a market capitalization of $24.72 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.85 and a beta of 1.13. The stock has a fifty day moving average of $7,736.86 and a 200-day moving average of $6,966.46. NVR has a fifty-two week low of $5,210.49 and a fifty-two week 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.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.81% and a net margin of 17.33%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the firm earned $99.89 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of NVR by 626,255.3% during 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 purchasing an additional 237,977 shares during the last quarter. Invesco Ltd. grew its holdings in shares of NVR by 11.2% during the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after purchasing an additional 4,468 shares during the last quarter. Smead Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 277 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of NVR by 11.4% during the third quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock worth $229,694,000 after purchasing an additional 3,943 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NVR news, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $761,500.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $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 over the last quarter. 7.00% of the stock is owned by corporate insiders.

NVR announced that its board has authorized a stock buyback program on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.