Zacks Research Has Pessimistic View of NVR FY2024 Earnings

NVR, Inc. (NYSE:NVR) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for NVR in a report released on Tuesday, November 12th. Zacks Research analyst A. Gupta now anticipates that the construction company will earn $497.08 per share for the year, down from their previous forecast of $498.63. The consensus estimate for NVR’s current full-year earnings is $494.87 per share. Zacks Research also issued estimates for NVR’s Q4 2024 earnings at $129.48 EPS, Q1 2025 earnings at $120.88 EPS, Q3 2025 earnings at $139.30 EPS, Q4 2025 earnings at $136.26 EPS, FY2025 earnings at $531.90 EPS, Q1 2026 earnings at $131.66 EPS and Q2 2026 earnings at $148.48 EPS.

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

A number of other brokerages have also issued reports on NVR. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group lifted 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. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock 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 company’s stock. According to data from MarketBeat, NVR currently has an average rating of “Hold” and an average target price of $8,783.33.

NVR Stock Performance

NVR opened at $9,033.21 on Friday. The company has a market capitalization of $27.64 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.95 and a beta of 1.20. The business’s 50-day moving average price is $9,444.50 and its two-hundred day moving average price is $8,537.55. NVR has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

Institutional Investors Weigh In On NVR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its position in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the period. Blue Trust Inc. acquired a new position in NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. bought a new stake in NVR during the third quarter worth about $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR during the second quarter worth about $46,000. Finally, Private Trust Co. NA increased its holdings 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 period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

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.