Zacks Research Issues Pessimistic Forecast for NVR Earnings

NVR, Inc. (NYSE:NVR) – Investment analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for NVR in a research report issued on Tuesday, November 12th. Zacks Research analyst A. Gupta now anticipates that the construction company will post earnings per share of $497.08 for the year, down from their prior forecast of $498.63. The consensus estimate for NVR’s current full-year earnings is $494.87 per share. Zacks Research also issued estimates for NVR’s Q4 2024 earnings at $129.48 EPS, Q1 2025 earnings at $120.88 EPS, Q3 2025 earnings at $139.30 EPS, Q4 2025 earnings at $136.26 EPS, FY2025 earnings at $531.90 EPS, Q1 2026 earnings at $131.66 EPS and Q2 2026 earnings at $148.48 EPS.

NVR (NYSE:NVR) last released its 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). The firm had revenue of $2.68 billion during 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%. NVR’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $125.26 earnings per share.

Several other research analysts also recently weighed in on NVR. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group upped their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8,783.33.

NVR Stock Performance

Shares of NVR opened at $9,179.61 on Friday. NVR has a 1 year low of $6,052.58 and a 1 year high of $9,964.77. The company’s 50 day simple moving average is $9,445.21 and its 200 day simple moving average is $8,527.18. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

Institutional Trading of NVR

Institutional investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co purchased a new stake in shares of NVR during the 3rd quarter valued at about $2,021,000. Fred Alger Management LLC grew its position in NVR by 18.2% in the third quarter. Fred Alger Management LLC now owns 995 shares of the construction company’s stock valued at $9,763,000 after acquiring an additional 153 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of NVR during the third quarter valued at approximately $4,023,000. Captrust Financial Advisors lifted its position in shares of NVR by 1,869.0% during the third quarter. Captrust Financial Advisors now owns 571 shares of the construction company’s stock worth $5,603,000 after purchasing an additional 542 shares in the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of NVR by 21.7% in the third quarter. Capstone Investment Advisors LLC now owns 73 shares of the construction company’s stock valued at $716,000 after purchasing an additional 13 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In related news, Director David A. Preiser sold 250 shares of the 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by insiders.

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.