Analysts Offer Predictions for NVR, Inc.'s Q1 2024 Earnings (NYSE:NVR)

NVR, Inc. (NYSE:NVR - Free Report) - Equities research analysts at Zacks Research upped their Q1 2024 earnings per share estimates for NVR in a research note issued on Wednesday, April 17th. Zacks Research analyst A. Gupta now anticipates that the construction company will post earnings per share of $101.11 for the quarter, up from their previous forecast 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, topping analysts' consensus estimates of $121.50 by $0.06. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $133.44 earnings per share.

Separately, StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research note on Thursday, February 15th.

NVR Stock Performance

Shares of NVR stock traded up $48.33 during trading on Thursday, reaching $7,718.27. The company's stock had a trading volume of 21,476 shares, compared to its average volume of 18,917. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The business's fifty day moving average price is $7,708.72 and its 200-day moving average price is $6,903.36. The firm has a market cap of $24.70 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13. NVR has a one year low of $5,210.49 and a one year high of $8,211.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC boosted its holdings in shares of NVR by 5.0% in the 3rd quarter. Global Retirement Partners LLC now owns 42 shares of the construction company's stock worth $249,000 after acquiring an additional 2 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of NVR by 1.2% in the 3rd quarter. Ritholtz Wealth Management now owns 173 shares of the construction company's stock worth $1,032,000 after acquiring an additional 2 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of NVR by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company's stock worth $221,000 after acquiring an additional 2 shares in the last quarter. Greenleaf Trust lifted its holdings in NVR by 4.9% during the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company's stock worth $301,000 after buying an additional 2 shares in the last quarter. Finally, PYA Waltman Capital LLC lifted its holdings in NVR by 0.5% during the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company's stock worth $2,968,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the business's 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,684,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 230 shares of the company's stock, valued at $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 NVR stock in a transaction that occurred on 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 directly 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 worth $59,155,947 over the last three months. Company insiders own 7.00% of the company's stock.

NVR declared that its board has initiated a stock repurchase 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 buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are 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.