Seaport Res Ptn Issues Pessimistic Estimate for NVR Earnings

NVR, Inc. (NYSE:NVR) – Stock analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for shares of NVR in a research report issued to clients and investors 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 previous estimate of $495.00. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $490.62 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.

Several other research firms have also recently weighed in on NVR. 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 report on Wednesday, October 23rd. Bank of America lowered their target price on 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. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8,783.33.

NVR Trading Up 0.8 %

Shares of NYSE NVR opened at $9,179.61 on Wednesday. NVR has a 1-year low of $6,052.58 and a 1-year high of $9,964.77. The company has a 50-day moving average of $9,445.21 and a two-hundred day moving average of $8,527.18. The company has a market cap of $28.09 billion, a PE ratio of 18.77, a P/E/G ratio of 1.97 and a beta of 1.20. 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 (NYSE:NVR) last released its quarterly 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 business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm earned $125.26 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year.

Institutional Trading of NVR

Large investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of NVR by 43.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 105 shares of the construction company’s stock worth $850,000 after acquiring an additional 32 shares in the last quarter. Sei Investments Co. raised its holdings in NVR by 89.6% during the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after buying an additional 1,254 shares during the period. Headlands Technologies LLC bought a new position in NVR in the first quarter valued at approximately $146,000. US Bancorp DE lifted its stake in NVR by 13.3% in the first quarter. US Bancorp DE now owns 204 shares of the construction company’s stock valued at $1,652,000 after buying an additional 24 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of NVR in the first quarter valued at approximately $1,596,000. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 125 shares of the 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 sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 775 shares of company stock worth $7,294,073. 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.