Zacks Research Has Bearish Estimate for NVR FY2024 Earnings

NVR, Inc. (NYSE:NVR) – Stock analysts at Zacks Research decreased their FY2024 earnings per share estimates for NVR in a report released on Tuesday, November 12th. Zacks Research analyst A. Gupta now forecasts that the construction company will post earnings per share of $497.08 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.

A number of other brokerages have also recently issued reports on NVR. UBS Group upped their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America reduced their price target 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 company’s stock. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Stock Down 1.6 %

Shares of NVR opened at $9,033.21 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.95 and a beta of 1.20. The stock has a fifty day moving average of $9,444.50 and a 200-day moving average of $8,537.55.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during 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 period in the previous year, the company earned $125.26 EPS.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the 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 transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last quarter. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of institutional investors and hedge funds have recently made changes to their positions in NVR. Vestcor Inc raised its position in shares of NVR by 2.0% during the third quarter. Vestcor Inc now owns 208 shares of the construction company’s stock worth $2,041,000 after purchasing an additional 4 shares during the period. Conway Capital Management Inc. acquired a new position in NVR during the third quarter worth $599,000. PYA Waltman Capital LLC lifted its stake in shares of NVR by 4.1% in the third quarter. PYA Waltman Capital LLC now owns 435 shares of the construction company’s stock valued at $4,268,000 after buying an additional 17 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of NVR by 1.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,315 shares of the construction company’s stock valued at $12,903,000 after buying an additional 13 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of NVR by 2.1% during the third quarter. MML Investors Services LLC now owns 242 shares of the construction company’s stock worth $2,374,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

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.