Seaport Res Ptn Comments on NVR’s FY2024 Earnings (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Stock analysts at Seaport Res Ptn raised their FY2024 EPS estimates for shares of NVR in a research note issued to investors on Monday, November 11th. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will earn $488.00 per share for the year, up from their prior estimate of $471.00. 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 $121.00 EPS and FY2025 earnings at $531.00 EPS.

NVR (NYSE:NVR) last issued 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 analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $125.26 earnings per share.

A number of other research analysts also recently issued reports on NVR. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group upped their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Bank of America reduced their target price on 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8,783.33.

NVR Trading Up 0.8 %

NYSE NVR opened at $9,179.61 on Thursday. The stock has a market capitalization of $28.09 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.97 and a beta of 1.20. The business has a 50 day simple moving average of $9,445.21 and a 200 day simple moving average of $8,527.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR has a one year low of $6,052.58 and a one year high of $9,964.77.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV boosted its holdings in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new position in NVR during the third quarter worth about $39,000. Rakuten Securities Inc. bought a new stake in NVR in the 3rd quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new stake in NVR in the 2nd quarter worth about $46,000. Finally, Private Trust Co. NA increased its stake in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In related news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated 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 sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated Tuesday, November 5th. The shares were 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 $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by company insiders.

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.