NVR, Inc. Expected to Earn Q1 2024 Earnings of $101.11 Per Share (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Analysts at Zacks Research lifted their Q1 2024 earnings per share estimates for shares of NVR in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst A. Gupta now anticipates that the construction company will earn $101.11 per share for the quarter, up from their prior estimate of $100.64. The consensus estimate for NVR’s current full-year earnings is $497.80 per share. Zacks Research also issued estimates for NVR’s Q2 2024 earnings at $114.81 EPS, Q3 2024 earnings at $124.33 EPS, Q4 2024 earnings at $129.17 EPS, FY2024 earnings at $469.42 EPS, Q1 2025 earnings at $104.56 EPS, Q2 2025 earnings at $119.66 EPS, Q3 2025 earnings at $128.83 EPS, Q4 2025 earnings at $132.83 EPS and Q1 2026 earnings at $107.92 EPS.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the business earned $133.44 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year.

Separately, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

NVR Price Performance

NVR opened at $7,669.94 on Thursday. The stock has a 50-day moving average price of $7,704.09 and a 200-day moving average price of $6,897.66. NVR has a 12-month low of $5,210.49 and a 12-month high of $8,211.40. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $24.54 billion, a P/E ratio of 16.56, a PEG ratio of 2.79 and a beta of 1.13.

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

Insider Activity at NVR

In related news, CFO Daniel David Malzahn sold 2,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 in the last ninety days. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently bought and sold shares of the business. First Pacific Financial purchased a new stake in NVR in the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in NVR in the 4th quarter worth approximately $35,000. Clear Street Markets LLC lifted its holdings in NVR by 133.3% in the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock worth $39,000 after buying an additional 4 shares during the period. Criterion Capital Advisors LLC purchased a new stake in NVR in the 4th quarter worth approximately $42,000. Finally, Allworth Financial LP lifted its holdings in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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.