Seaport Res Ptn Issues Pessimistic Estimate for NVR Earnings

NVR, Inc. (NYSE:NVR) – Equities research analysts at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for NVR in a research report issued to clients and investors on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will earn $471.00 per share for the year, down from their prior forecast of $495.00. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $490.62 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $104.00 EPS and FY2025 earnings at $460.00 EPS.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $125.26 earnings per share.

A number of other brokerages have also recently weighed in on NVR. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8,783.33.

NVR Stock Down 0.1 %

NYSE:NVR opened at $9,105.67 on Wednesday. NVR has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The stock’s fifty day moving average is $9,442.51 and its two-hundred day moving average is $8,522.62. The stock has a market capitalization of $27.86 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

Insider Buying and Selling

In other news, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last quarter. 7.00% of the stock is owned by insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its holdings in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new position in NVR during the third quarter worth $39,000. Redwood Wealth Management Group LLC purchased a new stake in NVR during the second quarter worth $46,000. Finally, Private Trust Co. NA grew its holdings in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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.