Q3 2024 Earnings Forecast for NVR, Inc. Issued By Seaport Res Ptn (NYSE:NVR)

NVR, Inc. (NYSE:NVR - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q3 2024 earnings estimates for NVR in a note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $132.00 per share for the quarter, down from their previous forecast of $137.00. The consensus estimate for NVR's current full-year earnings is $499.45 per share.

Other equities research analysts have also issued reports about the stock. UBS Group lifted their target price 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 upgraded NVR from a "hold" rating to a "buy" rating in a research report on Wednesday.

NVR Price Performance

NYSE:NVR traded down $73.28 during mid-day trading on Thursday, hitting $7,725.00. 24,301 shares of the stock traded hands, compared to its average volume of 19,031. NVR has a 12-month low of $5,210.49 and a 12-month high of $8,211.40. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The company has a market cap of $24.72 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.13. The business's 50-day moving average price is $7,733.16 and its 200 day moving average price is $6,961.16.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.81% and a net margin of 17.33%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $99.89 earnings per share.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 100 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,751,450. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Susan Williamson Ross sold 250 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at approximately $2,974,700.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $1,751,450. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company's stock.

Institutional Trading of NVR

A number of institutional investors have recently modified their holdings of the company. First Pacific Financial purchased a new position in NVR during the third quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR in the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVR during the fourth quarter valued at $42,000. Allworth Financial LP increased 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 in the last quarter. Finally, USA Financial Formulas purchased a new position in NVR in the 4th quarter worth about $63,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

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.