Brokers Offer Predictions for NVR, Inc.’s Q3 2024 Earnings (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Equities research analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for shares of NVR in a note issued to investors on Wednesday, July 24th. Seaport Res Ptn analyst K. Zener now expects that the construction company will earn $127.00 per share for the quarter, down from their prior estimate 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.

Several other research analysts have also weighed in on the stock. UBS Group upped their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock 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 Stock Performance

Shares of NVR opened at $8,459.98 on Friday. The company has a quick ratio of 3.97, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,695.00. The company has a 50-day simple moving average of $7,724.94 and a 200-day simple moving average of $7,615.63. The company has a market capitalization of $26.48 billion, a PE ratio of 17.63, a P/E/G ratio of 2.54 and a beta of 1.17.

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

NVR announced that its board has approved a stock repurchase plan on Tuesday, May 7th 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 plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,771,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,771,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Paul C. Saville sold 300 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,600 shares of company stock valued at $12,233,609. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Several hedge funds have recently modified their holdings of NVR. International Assets Investment Management LLC boosted its position in 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 acquiring an additional 237,977 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of NVR by 0.4% during the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after purchasing an additional 191 shares during the last quarter. Smead Capital Management Inc. grew its position in shares of NVR by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock valued at $276,385,000 after purchasing an additional 277 shares during the period. Norges Bank purchased a new stake in shares of NVR in the fourth quarter valued at $246,031,000. Finally, Schroder Investment Management Group increased its stake in NVR by 3.1% in the fourth quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock valued at $224,994,000 after purchasing an additional 963 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

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.