Seaport Res Ptn Weighs in on NVR, Inc.’s Q3 2024 Earnings (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Equities research analysts at Seaport Res Ptn cut their Q3 2024 earnings per share (EPS) estimates for shares of NVR in a report released on Tuesday, April 23rd. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings of $132.00 per share for the quarter, down from their previous forecast of $137.00. The consensus estimate for NVR’s current full-year earnings is $502.66 per share.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group lifted 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.

NVR Stock Performance

Shares of NYSE NVR opened at $7,647.04 on Thursday. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $7,741.99 and its two-hundred day moving average price is $6,976.75. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The stock has a market capitalization of $24.47 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly earnings results 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 business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $99.89 earnings per share.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at NVR

In other news, Chairman Paul C. Saville sold 250 shares of the company’s 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 transaction, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction 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 sale, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Paul C. Saville sold 500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $7,392.07, for a total transaction of $3,696,035.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $789,916,600.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock valued at $59,155,947 over the last quarter. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVR

Hedge funds have recently bought and sold shares of the company. First Pacific Financial acquired a new position in shares of NVR in the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in NVR during the fourth quarter valued at about $35,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVR in the fourth quarter worth about $42,000. Allworth Financial LP raised its stake in shares of NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in shares of NVR in the fourth quarter worth $63,000. 83.67% of the stock is owned by institutional investors.

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.