Zacks Research Has Negative Estimate for NVR Q3 Earnings

NVR, Inc. (NYSE:NVR) – Analysts at Zacks Research cut their Q3 2028 earnings per share (EPS) estimates for NVR in a research note issued on Tuesday, September 22nd. Zacks Research analyst Team now forecasts that the construction company will post earnings of $123.42 per share for the quarter, down from their prior forecast of $126.74. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for NVR’s current full-year earnings is $365.41 per share.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company posted $108.54 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis.

Other equities analysts have also issued reports about the company. UBS Group decreased their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Morgan Stanley started coverage on shares of NVR in a report on Thursday. They set an “underweight” rating and a $5,058.00 price objective for the company. Weiss Ratings raised shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Finally, Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6,809.67.

NVR Price Performance

Shares of NVR opened at $6,131.48 on Friday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR has a 1 year low of $5,501.01 and a 1 year high of $8,200.00. The stock has a market cap of $16.31 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 10.33 and a beta of 0.90. The stock’s 50-day moving average price is $6,296.06 and its two-hundred day moving average price is $6,370.94.

Hedge Funds Weigh In On NVR

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in NVR by 8.7% during the 3rd quarter. Versant Capital Management Inc now owns 25 shares of the construction company’s stock worth $154,000 after buying an additional 2 shares during the period. State Street Corp boosted its holdings in shares of NVR by 0.9% in the second quarter. State Street Corp now owns 128,768 shares of the construction company’s stock valued at $877,348,000 after buying an additional 1,172 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of NVR during the second quarter worth $41,000. Sequoia Financial Advisors LLC increased its position in shares of NVR by 30.8% during the second quarter. Sequoia Financial Advisors LLC now owns 140 shares of the construction company’s stock worth $954,000 after acquiring an additional 33 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of NVR by 20.0% during the second quarter. Tidal Investments LLC now owns 354 shares of the construction company’s stock worth $2,412,000 after acquiring an additional 59 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NVR news, Director George Oliver purchased 63 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by company insiders.

About NVR

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.