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NVR (NYSE:NVR) Stock, Option Chain

NVR Inc is a United States-based homebuilding company. It builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. The company through its subsidiary also operates a mortgage banking and title services business. The homebuilding segment includes four geographic areas of the Mid-Atlantic, North East, Mid-East, and South East.

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New home sales increase, as does prices. Will the momentum continue?

Housing Stocks Are On The Rise Today: What&#39;s Going On?

15 Cities That Saw The Sharpest Home Price Increases In 2024

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SDHC

D.R. Horton and Smith Douglas Homes downgraded by BofA Securities analyst due to tough outlook for homebuilder stocks, declining demand, and rising costs.

Homebuilders Brace For Tough 2025, Analyst Downgrades D.R. Horton And Smith Douglas Amid Market Pressures

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SMAR

This Celanese Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday

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NOVRA TECH INC ORD by Novra Technologies Inc

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Shares of homebuilder stocks are trading lower after Toll Brothers reported worse-than-expected Q1 financial results.

Shares of homebuilders and construction companies are trading lower as investors assess U.S. tariff concerns which may harm the industry.

UBS analyst John Lovallo maintains NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) with a Neutral and raises the price target from $8750 to $8900.

UBS Maintains Neutral on NVR, Raises Price Target to $8900

JP Morgan analyst Michael Rehaut maintains NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) with a Neutral and lowers the price target from $9245 to $8570.

JP Morgan Maintains Neutral on NVR, Lowers Price Target to $8570

The Q4 earnings report for NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) was released on Tuesday, January 28, 2025 at 09:00 AM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
NVR beat estimated earnings by 8.0%, reporting an EPS of $139.93 versus an estimate of $129.87.
Revenue was up $413.00 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
Last quarter the company missed on EPS by $1.02 which was followed by a 0.0% increase in the share price the next day.
Here's a look at NVR's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>131.52</td>
<td>121.21</td>
<td>103.43</td>
<td>121.50</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>130.50</td>
<td>120.69</td>
<td>116.41</td>
<td>121.56</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>2.66B</td>
<td>2.51B</td>
<td>2.24B</td>
<td>2.59B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>2.73B</td>
<td>2.61B</td>
<td>2.33B</td>
<td>2.43B</td>
</tr>
</tbody>
</table>

To track all earnings releases for NVR <a href="https://www.benzinga.com/quote/NVR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

NVR Earnings Report: Q4 Overview

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) reported quarterly earnings of $139.93 per share which beat the analyst consensus estimate of $127.61 by 9.65 percent. This is a 15.11 percent increase over earnings of $121.56 per share from the same period last year. The company reported quarterly sales of $2.85 billion which beat the analyst consensus estimate of $2.68 billion by 6.29 percent. This is a 17.14 percent increase over sales of $2.43 billion the same period last year.

NVR Q4 EPS $139.93 Beats $127.61 Estimate, Sales $2.85B Beat $2.68B Estimate

Shares of housing stocks including NVR Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) and D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) traded higher on Monday, likely driven by a better-than-expected report on U.S. <a href="https://www.benzinga.com/money/best-real-estate-stocks-right-now">new home sales for December. </a>
What To Know: According to Reuters, the U.S. Commerce Department reported new home sales increased 3.6% to a seasonally adjusted annual rate of 698,000 units in December, exceeding economists&#8217; expectations of 675,000 units. This marked a 6.7% year-over-year increase and contributed to a total of 683,000 new homes sold in 2024, a 2.5% gain from 2023. The median new home price rose 2.1% from the prior year to $427,000, although rising inventory appears to be tempering price growth.
This data potentially indicates sustained momentum in the housing market despite high mortgage rates, which have constrained activity overall. Builders are responding by constructing smaller, more affordable homes to attract buyers, while the inventory of new homes reached 494,000 units in December—the highest level since 2007. Notably, 118,000 homes were completed, the most since 2009.
Both companies operate as real estate investment trusts (REITs) focused on essential infrastructure, such as cell towers, which benefit indirectly from increased housing development and connectivity demands in growing residential areas. Rising demand for new housing may also spur further investments in telecommunications infrastructure, fueling optimism among investors about these stocks&#8217; long-term growth potential.
Price Action: NVR shares closed up 2.22% at $8,382.63 and D.R. Horton shares closed up 3.05% at $147.26 at the time of publication Monday, according to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072924&amp;t=be2bearmibe3na1">Benzinga Pro.</a>
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Image Via Shutterstock.

Housing Stocks Are On The Rise Today: What's Going On?

BofA Securities analyst Rafe Jadrosich downgraded D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) and Smith Douglas Homes Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDHC#NYSE">SDHC</a>), citing a tough outlook for homebuilder stocks <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings" rel="noreferrer noopener">as the spring selling season approaches</a>.
Notably, the analyst says that Homebuilder stocks lagged the market in 2024 due to declining demand in the second half of the year, driven by higher mortgage rates.
The analyst anticipates the tough environment for homebuilders will continue through the first half of 2025.
The analyst expects return-on-equity to decline in 2025 for seven out of eight homebuilders, with order growth impacting margins.
The analyst&#8217;s top picks in builders are Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) and NVR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>). TOL&#8217;s valuation is attractive compared to other builders with similar or lower ROE. NVR is the only builder in the analyst&#8217;s coverage universe that can hold ROE flat in 2025 vs. 2024.
Housing markets in the Northeast, Midwest, and Mid-Atlantic should outperform the Southeast and other regions, while the move-up and luxury segments are set to outperform entry-level markets, adds the analyst.
DHI: The analyst downgraded D.R. Horton from Buy to Neutral and cut the <a target="_blank" href="https://www.benzinga.com/quote/DHI/analyst-ratings" rel="noreferrer noopener">price forecast from $160 to $150</a>.
The analyst writes that lot costs, which make up 26%-27% of total costs, are rising (+3% QoQ, +10% YoY in first-quarter), and DHI expects similar inflation before moderating to mid-to-high single digits on year in the next couple of quarters.
Due to the tough housing macro (higher rates, more supply), DHI may struggle to raise prices to offset lot cost inflation, adds the analyst.
The analyst says that DHI is no longer investing in its rental segment, but rental inventory already accounts for 11% of book value.
Jadrosich expects a low single-digit ROE for rentals in 2025, which will drag overall ROE by &gt;100bps.
Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43095811/d-r-horton-q1-earnings-beat-despite-soft-housing-market-fy25-outlook-reiterated" rel="noreferrer noopener">D.R. Horton Q1: Earnings Beat Despite Soft Housing Market, FY25 Outlook Reiterated</a>
SDHC: The analyst downgraded the company from Neutral to Underperform and cut the <a target="_blank" href="https://www.benzinga.com/quote/sdhc/analyst-ratings" rel="noreferrer noopener">price forecast from $33 to $22</a>.
Jadrosich says that, like other builders, SDHC faces cost inflation headwinds while higher mortgage rates pressure net prices.
While ~15% community count growth and faster build cycles provide delivery tailwinds, the analyst notes absorptions will also need to improve to meet the guidance.
The valuation appears less compelling compared to peers, given the expectation that Smith Douglas&#8217; delivery growth will moderate in 2025 and its ROE will normalize closer to the group average, adds the analyst.
The analyst expect delivery growth of around 4% in 2025 vs. preliminary guidance of roughly 11% at the mid-point.
Jadrosich expects Smith Douglas to enter 2025 with a backlog that is down roughly 13% YoY.
Price Action: DHI shares are up 2.64% at $146.69, while SDHC sharesa re down 0.37% at $24.22 at the last check Monday.
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Image via Shutterstock.

Shares of housing-related stocks are trading higher following better-than-expected December new home sales.

UBS analyst John Lovallo maintains NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) with a Neutral and lowers the price target from $9450 to $8750.

UBS Maintains Neutral on NVR, Lowers Price Target to $8750

Looking into the current session, NVR Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) shares are trading at $8143.15, after a 0.44% decrease. Over the past month, the stock fell by 9.07%, but over the past year, it actually increased by 17.37%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1735835409_0.png" alt="Past Year Chart" />

<h3>Evaluating NVR P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 12.64 in the Household Durables industry, NVR Inc. has a higher P/E ratio of 16.74. Shareholders might be inclined to think that NVR Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1735835409_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into NVR Inc's Price Over Earnings

BLDR

IESC

Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

JP Morgan analyst Michael Rehaut maintains NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) with a Neutral and lowers the price target from $9820 to $9245.

JP Morgan Maintains Neutral on NVR, Lowers Price Target to $9245

Shares of homebuilders are trading lower. Weakness may be in reaction to worse-than-expected November PPI data, which could cloud rate cut outlook.

NVR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock.&nbsp; 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.&nbsp; 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.&nbsp; Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares from the Company's officers, directors, Profit Sharing/401(k) Plan Trust or Employee Stock Ownership Plan Trust.&nbsp; As of December 10, 2024, NVR had 3,039,944 total shares of common stock outstanding.

Buybacks

NVR Announces Share Repurchase Authorization Of Up To $750M Of Its Outstanding Common Stock

Shares of homebuilders and housing-linked stocks are trading higher amid a drop in yields.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587f78d077f9dd000126ef0f/john-difucci">Guggenheim analyst John Difucci</a> downgraded the rating for Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) from Buy to Neutral. Smartsheet shares closed at $56.02 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities analyst Constantine Davides downgraded the rating for agilon health, inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>) from Market Outperform to Market Perform. Agilon Health shares closed at $1.84 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5abbc11ab0230000019a9b76/john-mcnulty">BMO Capital analyst John McNulty</a> downgraded Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from Market Perform to Underperform and lowered the price target from $138 to $76. Celanese shares closed at $84.80 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst Kenneth Zener downgraded the rating for NVR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) from Buy to Neutral. NVR shares closed at $9,306.94 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst James Rollyson downgraded Tidewater Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDW#NYSE">TDW</a>) from Strong Buy to Outperform and slashed the price target from $131 to $102. Tidewater shares closed at $56.07 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Seaport Global analyst Kenneth Zener downgrades NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) from Buy to Neutral.

Seaport Global Downgrades NVR to Neutral

Macro Economic Events

Macro Notification

Econ #s

Economics

MDCE

USA Pending Home Sales (MoM) For September 7.4% Vs 1.9% Est.; 0.6% Prior

Shares of homebuilders and housing-related stocks are trading lower in possible sympathy with D.R. Horton, which reported worse-than-expected Q4 EPS and sales.

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