NVR, Inc. $NVR Shares Acquired by Teacher Retirement System of Texas

Key Points

• NVR missed Q1 expectations: EPS of $67.76 and revenue of $1.91B fell short of estimates ($79.97 and ~$2.09B), with homebuilding revenue down ~21.7% and settlements declining about 22%, squeezing margins and prompting a sharp share drop.
• Board authorized a $750 million buyback: The repurchase program allows NVR to buy up to ~3.3% of outstanding shares, signaling the board views the stock as undervalued despite near‑term headwinds.
• Mixed investor activity: Teacher Retirement System of Texas raised its stake by 10.8% to holdings worth $39.8M amid heavy institutional ownership (83.7%), while insiders sold 1,120 shares worth $9.01M in the past 90 days, leaving insiders with 8.6% ownership.

Teacher Retirement System of Texas increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,461 shares of the construction company's stock after buying an additional 533 shares during the quarter. Teacher Retirement System of Texas owned about 0.19% of NVR worth $39,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its position in NVR by 8.0% during the third quarter. Capital Research Global Investors now owns 133,003 shares of the construction company's stock worth $1,068,634,000 after buying an additional 9,877 shares during the period. Principal Financial Group Inc. lifted its position in NVR by 4.0% during the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company's stock worth $484,546,000 after buying an additional 2,331 shares during the period. M&T Bank Corp lifted its position in NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock worth $413,777,000 after buying an additional 56,576 shares during the period. JPMorgan Chase & Co. lifted its position in NVR by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company's stock worth $348,051,000 after buying an additional 1,718 shares during the period. Finally, Capital World Investors lifted its position in NVR by 0.3% during the third quarter. Capital World Investors now owns 40,576 shares of the construction company's stock worth $326,014,000 after buying an additional 109 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NVR news, Director Susan Williamson Ross sold 200 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the company'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 sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,120 shares of company stock valued at $9,012,736 over the last 90 days. 8.60% of the stock is currently owned by insiders.

More NVR News

Here are the key news stories impacting NVR this week:

• Positive Sentiment: Company reported positive net income of $198.4M (Q1 net income) and confirmed Q1 EPS of $67.76, showing continued profitability despite a tough quarter. NVR, INC. ANNOUNCES FIRST QUARTER RESULTS
• Neutral Sentiment: Bank of America adjusted its price target (lowered to $8,225), signaling analyst re‑pricing but still a relatively elevated target vs. current levels. Bank of America Lowers NVR Price Target
• Neutral Sentiment: Analyst/market trackers show mixed positioning and a wide range of price targets and institutional moves — this is keeping trading choppy as investors weigh longer‑term franchise value vs. near‑term headwinds. NVR slides 4.9% after Q1 profit and revenue drop sharply
• Negative Sentiment: Q1 results missed consensus: EPS ($67.76) and revenue (~$1.83–1.91B reported vs. ~$2.09B est.) were well below expectations, driven by a ~22% decline in homebuilding revenue. NVR's Q1 Earnings Miss Estimates
• Negative Sentiment: Settlements fell sharply (about 22% decline in homes settled), attributed to a smaller opening backlog and weaker mortgage activity — core demand/volume softness is the primary headwind to near‑term revenue. NVR: Q1 Earnings Snapshot
• Negative Sentiment: Gross margin contracted (company cited pricing pressure and higher lot costs) and mortgage closed loan production fell materially — analysts flag a margin squeeze that pressures EPS until volumes/mix recover. How Investors Are Reacting To NVR Margin Squeeze
• Negative Sentiment: Market reaction: multiple outlets reported a sharp intraday share decline after the print and commentary that Zillow and other outlooks were dialing back expectations, adding to negative sentiment. NVR posts Q1 earnings miss as Zillow cuts forecast

NVR Stock Performance

Shares of NYSE:NVR opened at $6,659.67 on Friday. The firm has a market capitalization of $18.51 billion, a PE ratio of 16.24, a P/E/G ratio of 2.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The business has a 50-day moving average of $6,890.72 and a two-hundred day moving average of $7,298.73. NVR, Inc. has a 12 month low of $6,301.02 and a 12 month high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 31.82% and a net margin of 12.93%.The business's revenue was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $94.83 earnings per share. As a group, research analysts forecast that NVR, Inc. will post 402.87 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on NVR shares. Seaport Research Partners reiterated a "sell" rating and set a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Truist Financial reduced their target price on NVR from $7,100.00 to $6,600.00 and set a "hold" rating on the stock in a research report on Thursday. Weiss Ratings reiterated a "hold (c+)" rating on shares of NVR in a research report on Thursday, January 22nd. BTIG Research reiterated a "buy" rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, NVR presently has a consensus rating of "Hold" and an average target price of $7,649.33.

NVR Company Profile

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.

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