NVR Stock Recent News

The second-quarter 2024 results of NVR reflect strong housing demand evidenced by increased settlements and new order growth. Yet, increased income tax expenses and cost of sales mar the bottom line.

NVR (NVR) came out with quarterly earnings of $120.69 per share, missing the Zacks Consensus Estimate of $121.65 per share. This compares to earnings of $116.54 per share a year ago.

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.

NVR's second-quarter 2024 performance is likely to have benefited from an improving housing backdrop and a solid business model.

Although NVR stock slightly underperformed the broader market since my initial coverage, business drivers remain strong. Factors such as high mortgage rates, housing shortage, and potential interest rate cuts contribute to a favorable environment for NVR's medium-term performance. I believe the stock is undervalued compared to the company's potential, leading to the reiteration of my "Buy" rating.

Investors looking for stocks in the Building Products - Home Builders sector might want to consider either PulteGroup (PHM) or NVR (NVR). But which of these two stocks offers value investors a better bang for their buck right now?

Investors interested in Building Products - Home Builders stocks are likely familiar with PulteGroup (PHM) and NVR (NVR). But which of these two stocks presents investors with the better value opportunity right now?

NVR (NVR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

NVR, Inc. is a homebuilder operating in 36 metropolitan areas across 16 U.S. states. The company operates under three different banners: Ryan Homes, NVHomes, and Heartland Homes, targeting different markets and offering various types of homes. NVR's asset-light operating model and strategic purchasing of finished building lots give the company flexibility, reduce risk, and boost return on capital.