NVR, Inc. Expected to Earn Q2 2024 Earnings of $118.00 Per Share (NYSE:NVR)

NVR, Inc. (NYSE:NVR - Free Report) - Research analysts at Seaport Res Ptn cut their Q2 2024 EPS estimates for shares of 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 $118.00 per share for the quarter, down from their prior forecast 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping analysts' consensus estimates of $103.97 by $12.44. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $99.89 EPS.

Several other equities research analysts have also recently weighed in on NVR. UBS Group upped their price objective 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. StockNews.com raised shares of NVR from a "hold" rating to a "buy" rating in a report on Wednesday.

NVR Price Performance

Shares of NYSE NVR traded down $77.96 during mid-day trading on Friday, reaching $7,647.04. The company had a trading volume of 23,376 shares, compared to its average volume of 19,100. The firm has a market cap of $24.47 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.82 and a beta of 1.13. The business's 50-day simple moving average is $7,741.99 and its 200 day simple moving average is $6,976.75. NVR has a one year low of $5,210.49 and a one year high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.52.

Hedge Funds Weigh In On NVR

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of 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 purchasing an additional 237,977 shares during the last quarter. Unison Advisors LLC bought a new stake in NVR during the 4th quarter worth approximately $2,345,000. ING Groep NV increased its position in NVR by 21.5% in the 3rd quarter. ING Groep NV now owns 3,810 shares of the construction company's stock valued at $22,720,000 after acquiring an additional 675 shares during the period. AIA Group Ltd increased its position in NVR by 15.6% in the 4th quarter. AIA Group Ltd now owns 311 shares of the construction company's stock valued at $2,177,000 after acquiring an additional 42 shares during the period. Finally, Fortis Capital Management LLC raised its stake in shares of NVR by 6.8% during the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company's stock valued at $1,307,000 after acquiring an additional 14 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at $1,751,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company's stock, valued at approximately $813,314,665.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $59,155,947 over the last 90 days. Insiders own 7.00% of the company's stock.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.