What is Seaport Res Ptn's Estimate for NVR FY2024 Earnings?

NVR, Inc. (NYSE:NVR - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for NVR in a research note issued on Monday, November 11th. Seaport Res Ptn analyst K. Zener now expects that the construction company will earn $488.00 per share for the year, up from their previous estimate of $471.00. 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 $121.00 EPS and FY2025 earnings at $531.00 EPS.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results 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). The company 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 company's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $125.26 EPS.

A number of other brokerages also recently issued reports on NVR. UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, NVR has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Performance

Shares of NYSE:NVR traded up $40.40 during trading on Thursday, hitting $9,146.07. 11,205 shares of the company were exchanged, compared to its average volume of 19,093. 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 52-week low of $6,052.58 and a 52-week high of $9,964.77. The company has a market cap of $27.99 billion, a PE ratio of 18.61, a P/E/G ratio of 1.97 and a beta of 1.20. The stock has a 50 day moving average of $9,442.51 and a 200 day moving average of $8,522.62.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of NVR during the third quarter valued at approximately $4,023,000. Captrust Financial Advisors grew its position in NVR by 1,869.0% in the 3rd quarter. Captrust Financial Advisors now owns 571 shares of the construction company's stock worth $5,603,000 after purchasing an additional 542 shares during the period. Capstone Investment Advisors LLC grew its position in NVR by 21.7% in the 3rd quarter. Capstone Investment Advisors LLC now owns 73 shares of the construction company's stock worth $716,000 after purchasing an additional 13 shares during the period. Walleye Capital LLC grew its position in NVR by 569.4% in the 3rd quarter. Walleye Capital LLC now owns 743 shares of the construction company's stock worth $7,290,000 after purchasing an additional 632 shares during the period. Finally, Martingale Asset Management L P bought a new stake in NVR in the 3rd quarter worth approximately $1,825,000. Institutional investors own 83.67% of the company's stock.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. The trade was a 0.00 % 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 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.