NVR (NYSE:NVR) Posts Quarterly Earnings Results, Misses Expectations By $12.21 EPS

NVR (NYSE:NVR) announced its earnings results on Wednesday. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21), Zacks reports. NVR had a net margin of 13.27% and a return on equity of 34.28%.

NVR Price Performance

NYSE NVR traded down $443.21 during trading hours on Wednesday, hitting $6,490.29. The company had a trading volume of 3,358 shares, compared to its average volume of 27,153. NVR has a 52 week low of $6,301.02 and a 52 week high of $8,618.28. The firm has a 50 day simple moving average of $6,949.11 and a 200 day simple moving average of $7,308.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 2.48 and a beta of 1.07.

NVR declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on NVR in a report on Friday, February 13th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Bank of America decreased their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday. Finally, Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $7,953.67.

More NVR News

Here are the key news stories impacting NVR this week:

• Positive Sentiment: Bank of America cut its price target to $8,225 but kept a “buy” rating, signaling continued analyst conviction and implying ~18% upside from current levels. Bank of America lowers NVR price target
• Neutral Sentiment: Investing.com highlights that NVR’s upcoming/nearby results were in focus because the homebuilder faces margin pressure — useful context for traders watching gross margin, mortgage?banking performance and backlog trends. NVR earnings in focus
• Neutral Sentiment: Zacks’ earnings preview warned NVR lacked the setup for an earnings beat and expected a decline, setting a cautious backdrop investors were already pricing in before results. Zacks earnings preview
• Negative Sentiment: NVR reported Q1 (ended March 31, 2026) net income of $198.4 million, or $67.76 per diluted share. That EPS figure is materially below several recent sell?side/preview figures cited by outlets (e.g., Zacks’ prior Q1 expectations), which pressured the stock as investors reassess near?term profitability. NVR Q1 results PR Newswire
• Negative Sentiment: Zacks Research has trimmed EPS forecasts across multiple quarters and fiscal years (Q1–Q2 2026 and FY2026–FY2028), lowering near? and medium?term earnings expectations and adding downward pressure to the shares. This broad cut in estimates increases the risk that consensus earnings will need further revision. MarketBeat summary of analyst revisions

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,088,000. This represents a 36.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. 8.60% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strive Financial Group LLC purchased a new stake in NVR during the fourth quarter valued at about $29,000. DV Equities LLC bought a new stake in NVR in the 4th quarter worth approximately $29,000. State of Wyoming bought a new stake in NVR in the 2nd quarter worth approximately $44,000. Fulcrum Asset Management LLP purchased a new stake in NVR in the third quarter worth approximately $56,000. Finally, MUFG Securities EMEA plc bought a new position in NVR during the second quarter valued at approximately $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.