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$NVR

5 stories mentioning NVR

Every FINWIRES story that references NVR, newest first.

Research

Research Alert: CFRA Keeps Sell View On Shares Of Nvr, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $5,519 (lowered from $6,100), is 14.5x our 2027 EPS view of $380.20. Our multiple is in line with the 10-year mean, which we think captures NVR's low overlapping competitive footprint and a hesitant U.S. consumer due to high housing prices. We lowered our 2026 EPS view to $344.92 (from $405.94) and 2027's to $380.20 (from $420.72). After a miss on performance in Q1, we think revenue expectations for 2026 have been somewhat adjusted. As a larger player, NVR should continue to maintain its market share, though in a deteriorating environment, this could prove costly. We model average selling price pressures through 2026 and investment in its SG&A pressuring margins. Although it is not our base case, in a deteriorating environment, we could see NVR increase its debt load. On a valuation basis, shares currently trade at a 30% premium to peers vs. its historical 70% premium, which we view as warranted, given consumer uncertainty, rather than as a buying opportunity.

$NVR
Wire

UBS Cuts Price Target on NVR to $7,700 From $8,100, Maintains Neutral Rating

NVR (NVR) has an average rating of hold and mean price target of $7,070, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $6580.72, Change: $-30.05, Percent Change: -0.45%

$NVR
Research

Research Alert: CFRA Keeps Sell View On Shares Of Nvr, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NVR delivered Q1 revenue of $1.881B with homebuilding revenues of $1.835B falling 22% Y/Y on volume declines, missing consensus expectations of $2.02B. EPS of $67.76 fell short of consensus at $79.20 despite gross margins declining only 230 bps Y/Y, outperforming peers facing similar volume pressures. We attribute NVR's relative margin resilience to strong order ASP performance in recent quarters (Q3/Q4) and steady strategy, though SGA margins jumped 150 bps, reflecting community openings amid a challenging March period. NVR grew its backlog from Q4 as closings remained below new orders, though conversion decelerated sequentially and Y/Y. TTM order value increased with 7% Y/Y volume growth offset by 2% ASP contraction, supported by 8% Y/Y community count expansion that likely helped maintain market share. We remain cautious as the community count lift could wane in 2H 2026, potentially challenging market share and/or margin performance going forward.

$NVR
Wire

NVR's Q1 Earnings, Revenue Decline; Shares Track Lower

NVR (NVR) reported Q1 earnings Wednesday of $67.76 per diluted share, down from $94.83 a year earlier.One analyst surveyed by FactSet expected $77.39.Revenue for the quarter ended March 31 was $1.88 billion, down from $2.40 billion a year earlier.One analyst surveyed by FactSet expected $1.88 billion.Shares of NVR were down over 6% in Wednesday trading.Price: $6637.48, Change: $-286.97, Percent Change: -4.14%

$NVR
US Markets

Homebuilders' Earnings Likely to be Weighed Down by War Fallout, Soft Spring Selling Season, Truist Says

Several key US homebuilders' earnings this year are likely to take a hit, as the economic fallout from the Middle East conflict weighs on an already-soft spring selling season, Truist Securities said Thursday.The brokerage lowered its bottom-line estimates for the upcoming quarter and full year for six homebuilders. These are D.R. Horton (DHI), Meritage Homes (MTH), NVR (NVR), PulteGroup (PHM), Taylor Morrison Homes (TMHC), and Toll Brothers (TOL).Truist also trimmed its price targets for the six stocks, as it factored in inflation and the erosion in consumer confidence amid higher oil prices driven mainly by the US-Israel war with Iran that broke out at the end of February."The timing of this war was very unfortunate," Truist analyst Jonathan Bettenhausen said in a note to clients. "While we think industry expectations for this spring selling season were already calling for a roughly down low-single-digit environment from last year, we find it unlikely that a significant deterioration in the geopolitical environment was factored into those expectations."The brokerage said that while it's not expecting "many beats" among the stocks it covers, its favorite going into the latest quarterly print is Taylor Morrison. That stock likely has "the most bad news priced in," Bettenhausen wrote."We think any optimism on the spring selling season has effectively evaporated, and we have lowered our demand assumptions accordingly for (the first half) quarters, but also for the back half of the year on worse spring (build-to-order) new order demand," the analyst said.With new home sales and new residential construction data for March yet to be released, alternative market indicators such as mortgage reports and Google Trends "do not yield encouraging demand trends, which in our view, confirms the prevailing market sentiment on demand," according to the note.On Wednesday, the National Association of Home Builders and Wells Fargo said US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates.The White House is optimistic about reaching a deal with Iran, noting that a potential second round of talks would likely be held in Pakistan. Over the weekend, US-Iran peace negotiations in Islamabad ended without a deal. Meanwhile, a two-week ceasefire between Washington and Tehran holds.Price: $144.72, Change: $+0.52, Percent Change: +0.36%

$DHI$MTH$NVR$PHM$TMHC$TOL