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

NVR, Inc. (NYSE:NVR) – Seaport Res Ptn cut their Q2 2024 earnings per share (EPS) estimates for NVR in a report issued on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now expects 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 released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $99.89 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year.

Several other analysts have also recently issued reports on the company. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group upped their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday.

NVR Trading Down 1.0 %

Shares of NYSE NVR opened at $7,647.04 on Friday. The stock’s 50 day moving average price is $7,741.99 and its two-hundred day moving average price is $6,976.75. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The stock has a market capitalization of $24.47 billion, a P/E ratio of 15.94, a PEG ratio of 2.82 and a beta of 1.13. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On NVR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NVR by 9.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 580 shares of the construction company’s stock worth $4,698,000 after buying an additional 51 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in NVR by 3.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 944 shares of the construction company’s stock worth $7,646,000 after buying an additional 30 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in NVR by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 312 shares of the construction company’s stock worth $2,527,000 after buying an additional 7 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in NVR by 27.2% in the 1st quarter. Leavell Investment Management Inc. now owns 192 shares of the construction company’s stock worth $1,555,000 after buying an additional 41 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in NVR by 0.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,123 shares of the construction company’s stock worth $9,096,000 after buying an additional 3 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,751,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 $1,751,450. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,981 shares of company stock valued at $59,155,947. 7.00% of the stock is currently owned by insiders.

NVR declared that its Board of Directors has initiated a share 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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.