Q1 2024 EPS Estimates for NVR, Inc. Lifted by Zacks Research (NYSE:NVR)

NVR, Inc. (NYSE:NVR) – Equities researchers at Zacks Research boosted their Q1 2024 EPS estimates for shares of NVR in a report issued on Wednesday, April 17th. Zacks Research analyst A. Gupta now expects that the construction company will earn $101.11 per share for the quarter, up from their prior estimate of $100.64. The consensus estimate for NVR’s current full-year earnings is $499.45 per share. Zacks Research also issued estimates for NVR’s Q2 2024 earnings at $114.81 EPS, Q3 2024 earnings at $124.33 EPS, Q4 2024 earnings at $129.17 EPS, FY2024 earnings at $469.42 EPS, Q1 2025 earnings at $104.56 EPS, Q2 2025 earnings at $119.66 EPS, Q3 2025 earnings at $128.83 EPS, Q4 2025 earnings at $132.83 EPS and Q1 2026 earnings at $107.92 EPS.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm earned $133.44 EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis.

Separately, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

NVR Stock Performance

Shares of NYSE NVR opened at $7,685.00 on Thursday. The company’s fifty day moving average price is $7,713.46 and its 200 day moving average price is $6,915.29. NVR has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The company has a market capitalization of $24.58 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10.

NVR declared that its board has approved a stock buyback plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other NVR news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the transaction, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 over the last three months. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after buying an additional 7,516 shares during the period. International Assets Investment Management LLC boosted its stake in shares of NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares during the period. BlackRock Inc. boosted its stake in shares of NVR by 3.1% in the first quarter. BlackRock Inc. now owns 237,114 shares of the construction company’s stock valued at $1,321,244,000 after purchasing an additional 7,074 shares during the period. State Street Corp boosted its stake in shares of NVR by 1.4% in the first quarter. State Street Corp now owns 127,146 shares of the construction company’s stock valued at $708,482,000 after purchasing an additional 1,761 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of NVR by 2.2% in the first quarter. Geode Capital Management LLC now owns 68,344 shares of the construction company’s stock valued at $380,034,000 after purchasing an additional 1,494 shares during the period. Hedge funds and other institutional investors own 83.67% 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.