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

NVR, Inc. (NYSE:NVR) – Equities research analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for NVR in a research note issued on Monday, November 11th. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will earn $488.00 per share for the year, up from their previous forecast of $471.00. Seaport Res Ptn currently 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 $121.00 EPS and FY2025 earnings at $531.00 EPS.

NVR (NYSE:NVR) last posted its earnings results 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 firm had revenue of $2.68 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $125.26 EPS.

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

NVR Stock Performance

Shares of NYSE NVR opened at $9,105.67 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.97 and a beta of 1.20. The stock’s fifty day moving average price is $9,442.51 and its two-hundred day moving average price is $8,522.62. NVR has a one year low of $6,052.58 and a one year high of $9,964.77.

Institutional Investors Weigh In On NVR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV raised its position in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR in the third quarter valued at $39,000. Redwood Wealth Management Group LLC purchased a new stake in NVR during the second quarter valued at about $46,000. Finally, Private Trust Co. NA raised its position in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last ninety days. 7.00% of the stock is currently owned by insiders.

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.