Zacks Research Has Bearish Estimate for NVR FY2024 Earnings

NVR, Inc. (NYSE:NVR - Free Report) - Research analysts at Zacks Research cut their FY2024 EPS estimates for NVR in a note issued to investors on Tuesday, November 12th. Zacks Research analyst A. Gupta now forecasts that the construction company will post earnings of $497.08 per share for the year, down from their prior 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 - Get Free Report) last released its earnings results 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). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous 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.

Several other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Bank of America decreased their target price on shares of 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, NVR currently has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Trading Down 1.6 %

NVR traded down $146.40 during trading on Friday, hitting $9,033.21. 18,205 shares of the company's stock were exchanged, compared to its average volume of 19,134. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The stock has a 50 day moving average price of $9,444.50 and a 200 day moving average price of $8,537.55. The firm has a market cap of $27.64 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the company's stock in a transaction on 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 directly owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction 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. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by company insiders.

Institutional Trading of NVR

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

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.