NVR, Inc. to Post Q3 2024 Earnings of $129.19 Per Share, Zacks Research Forecasts (NYSE:NVR)

NVR, Inc. (NYSE:NVR - Free Report) - Analysts at Zacks Research upped their Q3 2024 earnings per share estimates for shares of NVR in a research report issued on Tuesday, May 14th. Zacks Research analyst A. Gupta now forecasts that the construction company will earn $129.19 per share for the quarter, up from their prior forecast of $124.33. The consensus estimate for NVR's current full-year earnings is $487.53 per share. Zacks Research also issued estimates for NVR's Q4 2024 earnings at $129.70 EPS.

NVR (NYSE:NVR - Get Free Report) last announced its 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 company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the prior year, the business earned $99.89 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis.

A number of other analysts have also weighed in on the stock. UBS Group raised their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. StockNews.com upgraded NVR from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th.

NVR Price Performance

Shares of NYSE NVR traded up $267.26 during trading on Wednesday, reaching $7,818.73. The company had a trading volume of 17,762 shares, compared to its average volume of 18,950. NVR has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The business's 50 day moving average price is $7,749.90 and its 200-day moving average price is $7,158.03. The stock has a market cap of $24.47 billion, a PE ratio of 16.30, a PEG ratio of 3.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52.

Institutional Investors Weigh In On NVR

Several large investors have recently modified their holdings of NVR. Valued Wealth Advisors LLC lifted its position in NVR by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company's stock valued at $32,000 after acquiring an additional 2 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of NVR during the fourth quarter worth about $35,000. Criterion Capital Advisors LLC bought a new position in shares of NVR during the fourth quarter worth about $42,000. Allworth Financial LP raised its position in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company's stock valued at $56,000 after buying an additional 4 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in NVR in the 4th quarter valued at approximately $63,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVR news, Chairman Paul C. Saville sold 300 shares of the stock in a transaction dated 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 transaction, the chairman now owns 106,860 shares of the company's stock, valued at $819,661,081.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVR news, Chairman Paul C. Saville sold 300 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the completion of the sale, the chairman now owns 106,860 shares of the company's stock, valued at $819,661,081.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of NVR 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,202 shares of company stock valued at $31,747,540. Company insiders own 7.00% of the company's stock.

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