Zacks Research Weighs in on NVR, Inc.’s Q3 2024 Earnings (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Research analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for NVR in a research note issued to investors on Tuesday, August 13th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $130.49 for the quarter, up from their previous estimate of $129.19. The consensus estimate for NVR’s current full-year earnings is $499.77 per share. Zacks Research also issued estimates for NVR’s Q4 2024 earnings at $131.04 EPS, FY2024 earnings at $498.63 EPS, Q1 2025 earnings at $121.03 EPS, Q2 2025 earnings at $130.93 EPS, Q3 2025 earnings at $141.38 EPS, Q4 2025 earnings at $141.97 EPS, FY2025 earnings at $535.32 EPS and Q1 2026 earnings at $133.23 EPS.

NVR has been the topic of a number of other research reports. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group increased their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

NVR Stock Performance

Shares of NVR opened at $8,668.93 on Thursday. NVR has a 1 year low of $5,210.49 and a 1 year high of $8,703.06. The company’s 50 day simple moving average is $8,041.86 and its 200 day simple moving average is $7,770.47. The company has a market capitalization of $27.16 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84.

NVR (NYSE:NVR) last released its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%.

Institutional Trading of NVR

A number of institutional investors have recently added to or reduced their stakes in NVR. Valued Wealth Advisors LLC raised its position in shares of NVR by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR during the 4th quarter worth $35,000. Criterion Capital Advisors LLC bought a new position in NVR in the 4th quarter valued at about $42,000. Redwood Wealth Management Group LLC bought a new position in shares of NVR in the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in NVR during the 2nd quarter valued at $53,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,955,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the sale, the director now owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. The disclosure for this sale can be found here. Insiders have sold a total of 648 shares of company stock valued at $5,547,709 over the last quarter. Company insiders own 7.00% of the company’s stock.

NVR declared that its board has authorized a stock buyback plan on Tuesday, May 7th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.