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

NVR, Inc. (NYSE:NVR - Free Report) - Analysts at Seaport Res Ptn reduced their FY2024 earnings per share estimates for NVR in a report released on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings per share of $471.00 for the year, down from their previous estimate of $495.00. Seaport Res Ptn 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.

Several other research firms have also issued reports on NVR. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a research 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Down 0.1 %

Shares of NYSE NVR traded down $8.59 during mid-day trading on Wednesday, reaching $9,105.67. 13,556 shares of the company were exchanged, compared to its average volume of 19,132. NVR has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The firm has a 50-day moving average of $9,443.40 and a 200 day moving average of $8,518.52. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of 18.61, a P/E/G 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.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) 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 the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. NVR's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $125.26 earnings per share.

Hedge Funds Weigh In On NVR

A number of hedge funds have recently made changes to their positions in NVR. Massmutual Trust Co. FSB ADV boosted 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 worth $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of NVR during the third quarter worth about $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the third quarter valued at about $39,000. Redwood Wealth Management Group LLC purchased a new position in NVR during the second quarter worth about $46,000. Finally, Private Trust Co. NA lifted its position 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 period. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling 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 stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the company's 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now 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. Over the last quarter, insiders sold 775 shares of company stock valued at $7,294,073. Corporate insiders own 7.00% 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.