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

NVR, Inc. (NYSE:NVR) – Stock analysts at Seaport Res Ptn lowered their FY2024 EPS estimates for shares of NVR in a report issued on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings of $471.00 per share for the year, down from their prior estimate of $495.00. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $496.62 per share. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $104.00 EPS and FY2025 earnings at $460.00 EPS.

NVR (NYSE:NVR) last posted its quarterly 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 business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $125.26 earnings per share.

NVR has been the subject of several other research reports. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8,783.33.

NVR Trading Down 1.5 %

Shares of NVR stock opened at $9,114.26 on Wednesday. The business has a 50-day moving average of $9,443.40 and a 200 day moving average of $8,518.52. 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 1-year low of $5,950.21 and a 1-year high of $9,964.77. The stock has a market capitalization of $27.89 billion, a PE ratio of 18.63, a P/E/G ratio of 1.98 and a beta of 1.20.

Hedge Funds Weigh In On NVR

Institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. bought a new stake in NVR during the third quarter worth about $39,000. Rakuten Securities Inc. purchased a new stake in NVR in the third quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new position in shares of NVR during the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of NVR during the second quarter valued at approximately $53,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction on 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 owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other NVR news, Director David A. Preiser sold 250 shares of the company’s 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 owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. 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. Company insiders own 7.00% 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.