Q1 2024 EPS Estimates for NVR, Inc. Lifted by Zacks Research (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Zacks Research increased their Q1 2024 earnings per share estimates for NVR in a research report issued on Wednesday, April 17th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $101.11 for the quarter, up from their prior estimate of $100.64. The consensus estimate for NVR’s current full-year earnings is $499.45 per share. Zacks Research also issued estimates for NVR’s Q2 2024 earnings at $114.81 EPS, Q3 2024 earnings at $124.33 EPS, Q4 2024 earnings at $129.17 EPS, FY2024 earnings at $469.42 EPS, Q1 2025 earnings at $104.56 EPS, Q2 2025 earnings at $119.66 EPS, Q3 2025 earnings at $128.83 EPS, Q4 2025 earnings at $132.83 EPS and Q1 2026 earnings at $107.92 EPS.

Separately, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

NVR Trading Down 0.2 %

NYSE:NVR opened at $7,685.00 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. NVR has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The stock’s 50-day moving average is $7,713.46 and its two-hundred day moving average is $6,915.29. The stock has a market cap of $24.58 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR) last released its earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, beating the consensus estimate of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business posted $133.44 EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis.

Institutional Investors Weigh In On NVR

Institutional investors have recently made changes to their positions in the company. First Pacific Financial acquired a new stake in NVR in the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NVR in the 4th quarter worth approximately $35,000. Clear Street Markets LLC lifted its holdings in NVR by 133.3% in the 1st quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock worth $39,000 after purchasing an additional 4 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in NVR in the 4th quarter worth approximately $42,000. Finally, Allworth Financial LP lifted its holdings in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eugene James Bredow sold 300 shares of NVR stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $7,475.00, for a total value of $2,242,500.00. Following the sale, the chief executive officer now owns 2,728 shares of the company’s stock, valued at $20,391,800. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $59,155,947 in the last three months. 7.00% of the stock is owned by insiders.

NVR announced that its board has authorized a stock buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.