NVR, Inc. operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It primarily constructs and sells 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. It also provides various mortgage-related services to its homebuilding customers, as well as brokers title insurance and performs title searches in connection with mortgage loan closings. The company primarily serves in Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, South Carolina, Florida, Tennessee, and Washington, D.C. The company was founded in 1980 and is headquartered in Reston, Virginia.
IPO Year: 1998
Exchange: NYSE
Website: nvrinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | Buy → Neutral | Seaport Research Partners | |
| 12/8/2023 | $4900.00 → $6300.00 | Sell → Hold | Deutsche Bank |
| 6/14/2023 | $7000.00 | Buy | Seaport Research Partners |
| 6/1/2023 | $4400.00 | Sell | Deutsche Bank |
| 10/18/2022 | $4900.00 | Buy | BofA Securities |
| 3/10/2022 | $6630.00 → $5300.00 | Neutral | JP Morgan |
| 2/8/2022 | $5450.00 → $5700.00 | Overweight | Keybanc |
| 2/3/2022 | $4825.00 → $5500.00 | Sell → Neutral | UBS |
| 1/20/2022 | $4825.00 | Sell | UBS |
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8-K - NVR INC (0000906163) (Filer)
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8-K - NVR INC (0000906163) (Filer)
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DEF 14A - NVR INC (0000906163) (Filer)
8-K - NVR INC (0000906163) (Filer)
10-K - NVR INC (0000906163) (Filer)
8-K - NVR INC (0000906163) (Filer)
8-K - NVR INC (0000906163) (Filer)
10-Q - NVR INC (0000906163) (Filer)
Revenue increased 20% to $9.3 million in Q4 2022 vs. $7.8 million in Q4 2021; FY 2022 revenue increased 26% to $39.3 million vs. $31.1 million in 2021 Operating income increased 61% to $1.6 million in Q4 2022 vs. $1.0 million in Q421; FY 2022 operating income increased 57% to $8.0 million vs. $5.1 million in 2021 Net income increased 39% to $1.3 million in Q4 2022 vs. $0.9 million in Q4 2021; FY 2022 net income of $7.7 million vs. $16.0 million in 2021, primarily due to $11.2 million non-cash tax benefit in 2021 Adjusted EBITDA increased 58% to $1.9 million in Q4 2022 vs. $1.2 million in Q4 2021; YTD 2022 Adjusted EBITDA increased 55% to $9.0 million vs. $5.8 million in 2021 Comsto
Revenue increased 34% to $8.5 million in Q2 2022 vs. $6.3 million in Q2 2021; YTD revenue increased 31% to $17.2 million vs. $13.2 million in 2021Operating income increased 127% to $1.1 million in Q2 2022 vs. $0.5 million in Q2 2021; YTD operating income increased 166% to $2.5 million in Q2 2022 vs. $1.0 million in 2021Strengthened balance sheet via redemption of Series C preferred stock at discount New asset management agreement covering Anchor Portfolio provides expanded revenue opportunities and extends term through 2035Dwight Schar, recently retired CEO/Chairman of NVR, Inc. (NYSE:NVR), joining Comstock as significant shareholder RESTON, Va., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Comsto
RESTON, Va., May 6, 2025 /PRNewswire/ -- NVR, Inc. (NYSE:NVR) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value. Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares f
RESTON, Va., April 22, 2025 /PRNewswire/ -- NVR, Inc. (NYSE:NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2025 of $299.6 million, or $94.83 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2025 decreased 24% and 19%, respectively, when compared to 2024 first quarter net income of $394.3 million, or $116.41 per diluted share. Consolidated revenues for the first quarter of 2025 totaled $2.40 billion, which increased 3% from $2.33 billion in the first quarter of 2024. Homebuilding New orders in the first quarter of 2025 decreased by 12% to 5,345 units,
RESTON, Va., Jan. 28, 2025 /PRNewswire/ -- NVR, Inc. (NYSE:NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its fourth quarter ended December 31, 2024 of $457.4 million, or $139.93 per diluted share. For the fourth quarter ended December 31, 2024, net income increased 12% and diluted earnings per share increased 15%, when compared to 2023 fourth quarter net income of $410.1 million, or $121.56 per diluted share. Consolidated revenues for the fourth quarter of 2024 totaled $2.85 billion, which increased 17% from $2.43 billion in the fourth quarter of 2023. For the year ended December 31, 2024, consolidated revenues were $10.52 billion,
RESTON, Va., Dec. 11, 2024 /PRNewswire/ -- NVR, Inc. (NYSE:NVR) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value. Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares
RESTON, Va., Oct. 22, 2024 /PRNewswire/ -- NVR, Inc. (NYSE:NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its third quarter ended September 30, 2024 of $429.3 million, or $130.50 per diluted share. For the third quarter ended September 30, 2024, net income decreased 1% and diluted earnings per share increased 4%, when compared to 2023 third quarter net income of $433.2 million, or $125.26 per diluted share. Consolidated revenues for the third quarter of 2024 totaled $2.73 billion, which increased 6% from $2.57 billion in the third quarter of 2023. For the nine months ended September 30, 2024, consolidated revenues were $7.68 billio
United Homes Group, Inc. (the "Company") (NASDAQ:UHG), today announced that on October 1, 2024, Michael Nieri, the Company's founder, Chairman, and Chief Executive Officer, will transition to Executive Chairman of the Company. As Executive Chairman, Mr. Nieri will shift his leadership time and energies to focus primarily on the Company's strategic future. Concurrently with the effectiveness of Mr. Nieri's transition to Executive Chairman, Jamie Pirrello, currently a member of the Company's board of directors and a consultant to the Company, was named interim Chief Executive Officer of the Company. The Company's board of directors intends to undertake a search to identify the Company's next
RESTON, Va., July 23, 2024 /PRNewswire/ -- NVR, Inc. (NYSE:NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2024 of $400.9 million, or $120.69 per diluted share. For the second quarter ended June 30, 2024, net income decreased 1% and diluted earnings per share increased 4%, when compared to 2023 second quarter net income of $404.0 million, or $116.54 per diluted share. Consolidated revenues for the second quarter of 2024 totaled $2.61 billion, which increased 12% from $2.34 billion in the second quarter of 2023. For the six months ended June 30, 2024, consolidated revenues were $4.95 billion, a 10% i
RESTON, Va., May 7, 2024 /PRNewswire/ -- NVR, Inc. (NYSE:NVR) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value. Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares from
RESTON, Va., April 23, 2024 /PRNewswire/ -- NVR, Inc. (NYSE:NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2024 of $394.3 million, or $116.41 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2024 increased 14% and 17%, respectively, when compared to 2023 first quarter net income of $344.4 million, or $99.89 per diluted share. Consolidated revenues for the first quarter of 2024 totaled $2.33 billion, which increased 7% from $2.18 billion in the first quarter of 2023. Homebuilding New orders in the first quarter of 2024 increased by 3% to 6,049 units,
United Homes Group, Inc. ("UHG" or the "Company") (NASDAQ:UHG) announced today that David Hamamoto has resigned from the Board of Directors. Mr. Hamamoto was the founder and principal sponsor of DiamondHead Holdings Corp., which subsequently merged with Great Southern Homes to create UHG, now a publicly-traded homebuilder. The Company is also announcing that Mr. Hamamoto's seat will be filled by Jamie Pirrello, a 30-year veteran of the homebuilding industry whose resume includes leadership roles at publicly traded homebuilders including Century Communities, Inc. (NYSE:CCS), NVR (NYSE:NVR) and UCP, Inc. (NYSE:UCP). Mr. Hamamoto commented, "It's been an honor to partner with Michael Nieri a
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United Homes Group, Inc. ("UHG" or the "Company") (NASDAQ:UHG) announced today that David Hamamoto has resigned from the Board of Directors. Mr. Hamamoto was the founder and principal sponsor of DiamondHead Holdings Corp., which subsequently merged with Great Southern Homes to create UHG, now a publicly-traded homebuilder. The Company is also announcing that Mr. Hamamoto's seat will be filled by Jamie Pirrello, a 30-year veteran of the homebuilding industry whose resume includes leadership roles at publicly traded homebuilders including Century Communities, Inc. (NYSE:CCS), NVR (NYSE:NVR) and UCP, Inc. (NYSE:UCP). Mr. Hamamoto commented, "It's been an honor to partner with Michael Nieri a
Seaport Research Partners downgraded NVR from Buy to Neutral
Deutsche Bank upgraded NVR from Sell to Hold and set a new price target of $6,300.00 from $4,900.00 previously
Seaport Research Partners initiated coverage of NVR with a rating of Buy and set a new price target of $7,000.00
Deutsche Bank initiated coverage of NVR with a rating of Sell and set a new price target of $4,400.00
BofA Securities resumed coverage of NVR with a rating of Buy and set a new price target of $4,900.00
JP Morgan reiterated coverage of NVR with a rating of Neutral and set a new price target of $5,300.00 from $6,630.00 previously
Keybanc reiterated coverage of NVR with a rating of Overweight and set a new price target of $5,700.00 from $5,450.00 previously
UBS upgraded NVR from Sell to Neutral and set a new price target of $5,500.00 from $4,825.00 previously
UBS initiated coverage of NVR with a rating of Sell and set a new price target of $4,825.00
Wells Fargo initiated coverage of NVR with a rating of Equal-Weight and set a new price target of $5,000.00