Zacks Research Comments on NVR's Q3 Earnings (NYSE:NVR)

Key Points

• Zacks Research cut NVR’s earnings estimates, lowering Q3 2026 EPS to $106.41 from $107.52 and forecasting FY2026 EPS of $366.36. The firm maintains a “Strong Sell” rating and also reduced estimates for 2027 and 2028.
• NVR’s latest quarter showed mixed results: EPS exceeded expectations, but revenue fell 10.5% year over year to $2.34 billion and missed forecasts. Shares opened at $6,261.56, below both their 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $7,160; institutional investors own 83.67% of the stock.

NVR, Inc. (NYSE:NVR - Free Report) - Equities researchers at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of NVR in a research report issued on Tuesday, September 22nd. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $106.41 for the quarter, down from their prior estimate of $107.52. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for NVR's current full-year earnings is $367.13 per share. Zacks Research also issued estimates for NVR's FY2026 earnings at $366.36 EPS, Q1 2027 earnings at $75.41 EPS, Q2 2027 earnings at $97.75 EPS, Q3 2027 earnings at $115.61 EPS, Q4 2027 earnings at $116.46 EPS, FY2027 earnings at $405.23 EPS, Q1 2028 earnings at $87.40 EPS, Q2 2028 earnings at $106.84 EPS and FY2028 earnings at $439.43 EPS.

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

Several other brokerages have also issued reports on NVR. BTIG Research set a $7,125.00 price target on shares of NVR in a report on Tuesday. Weiss Ratings raised shares of NVR from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 14th. Truist Financial decreased their target price on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Bank of America lowered their target price on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Finally, Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7,160.00.

NVR Stock Down 1.2%

Shares of NVR stock opened at $6,261.56 on Thursday. NVR has a one year low of $5,501.01 and a one year high of $8,200.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The stock has a fifty day moving average price of $6,318.97 and a 200 day moving average price of $6,390.46. The stock has a market cap of $16.66 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 10.59 and a beta of 0.91.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of NVR during the 2nd quarter worth about $2,004,324,000. Norges Bank acquired a new position in NVR in the fourth quarter valued at about $311,496,000. Corient Private Wealth LLC grew its stake in NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. Caisse de depot et placement du Quebec bought a new stake in NVR during the second quarter worth about $194,114,000. Finally, First Trust Advisors LP grew its stake in NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company's stock worth $160,911,000 after buying an additional 21,926 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Insiders Place Their Bets

In related news, Director George Oliver acquired 63 shares of the company's stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares of the company's stock, valued at $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

NVR News Summary

Here are the key news stories impacting NVR this week:

• Positive Sentiment: BTIG lowered its price target to $7,125 from $7,446 but maintained a “Buy” rating, indicating that the firm still sees meaningful upside from recent trading levels. BTIG Adjusts Price Target on NVR
• Neutral Sentiment: NVR’s valuation remains relatively moderate at about 16 times earnings, with strong liquidity and a debt-to-equity ratio of 0.27. However, the shares remain below their 50-day and 200-day moving averages, reflecting recent technical weakness.
• Negative Sentiment: Zacks Research cut its estimates for NVR’s third-quarter and full-year 2026 earnings, lowering Q3 EPS to $106.41 from $107.52 and FY2026 EPS to $366.36 from $371.53. It also reduced its Q4 2026 estimate to $108.23 from $112.20, below the broader full-year consensus of $367.13. NVR analyst estimates
• Negative Sentiment: The revisions extended into 2027 and 2028: Zacks lowered FY2027 EPS to $405.23 from $414.76 and FY2028 EPS to $439.43 from $453.30, while also cutting several quarterly forecasts. The broad-based reductions suggest expectations for slower earnings momentum rather than a one-quarter adjustment.
• Negative Sentiment: The downgrade and estimate cuts are weighing on sentiment toward NVR, particularly because the company’s latest reported revenue declined 10.5% year over year, despite an earnings-per-share beat. The combination of softer revenue and weaker forward estimates is the primary reason the stock is under pressure. NVR stock holds as Zacks cuts its view

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.

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