NVR, Inc. to Post Q2 2024 Earnings of $118.00 Per Share, Seaport Res Ptn Forecasts (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Investment analysts at Seaport Res Ptn cut their Q2 2024 EPS estimates for shares of NVR in a report issued on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $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 $502.66 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.

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

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

NVR Trading Down 1.0 %

NVR opened at $7,647.04 on Friday. The stock has a market capitalization 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 12 month low of $5,210.49 and a 12 month high of $8,211.40. The firm’s fifty day simple moving average is $7,741.99 and its 200 day simple moving average is $6,976.75. The company has a current ratio of 6.52, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding 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 often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the transaction, the chief financial officer now owns 13,209 shares in the company, valued at $95,802,631.47. The disclosure for this sale can be found here. Insiders have sold 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. AE Wealth Management LLC increased its stake in shares of NVR by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after purchasing an additional 2 shares during the last quarter. Greenleaf Trust increased its stake in shares of NVR by 4.9% during the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after purchasing an additional 2 shares during the last quarter. PYA Waltman Capital LLC grew its stake in NVR by 0.5% in the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after buying an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in NVR by 0.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock valued at $2,135,000 after buying an additional 2 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in NVR by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock valued at $1,498,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.