NVR (NVR)
Builds primarily pre-sold homes under Ryan Homes, NVHomes and Heartland Homes.
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Builds pre-sold single-family homes, townhomes and condominiums under Ryan Homes, NVHomes and Heartland Homes, with mortgage and title services for buyers. Most finished lots come through purchase agreements with third-party developers, limiting direct land development.
Builds and sells single-family detached homes, townhomes and condominiums under Ryan Homes, NVHomes and Heartland Homes. Ryan Homes serves first-time and first-time move-up buyers across the broadest footprint; NVHomes and Heartland Homes focus on move-up and luxury buyers in narrower Mid-Atlantic and Pittsburgh markets.
Operates across the eastern and southeastern United States through Mid Atlantic, North East, Mid East and South East homebuilding segments. Homes are constructed primarily after sale using independent subcontractors, while internal building-products facilities supply structural components.
Extends the buyer transaction through NVR Mortgage and title-related subsidiaries, earning origination fees, gains from selling loans and title fees. The model limits direct land development by sourcing substantially all finished lots under purchase agreements with third-party developers, and depends on mortgage availability, lot supply and local zoning and building rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | BTIG | Target | Target: $7,446 | Target: $7,125 |
| Jul 24, 2026 | UBS | Reiterate | Rating: —Target: $7,700 | Target: $7,400 |
| Jul 24, 2026 | BTIG | Target | Target: $8,096 | Target: $7,446 |
| Jul 7, 2026 | Zelman | Upgrade | ||
| Jul 7, 2026 | Zelman & Assoc | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.20B · Total debt $1.05B · Total assets $5.47B · Shareholders' equity $3.39B
- Revenue
- $2.33B
- Operating income
- $308.3M
- Net income
- $236.5M
No dividends on record.
| Institutions | 90.66% | 2.42M shares | |
|---|---|---|---|
| 692 holders · as of Jun 30, 2026 | |||
| Insiders | 0.68% | 18.2K shares | |
| 12 holders · as of Aug 11, 2026 | |||
| Other | 8.66% | 230.7K shares | |
| remainder | |||
2.66M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.04% | 294,174 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.56% | 174,915 | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 6.15% | 163,844 | as of Jun 30, 2026 |
State Street CorpInstitution | 4.83% | 128,768 | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.25% | 113,182 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | George Oliver | director | +63 | $6,431.51 |
| Apr 24, 2026 | Michael J. DeVito | director | +11 | $6,699.50 |
| Feb 13, 2026 | Susan Williamson Ross | director | −200 | $7,922.06 |
| Feb 10, 2026 | Matthew B. Kelpy | officer: VP, Chief Accounting Officer | −500 | $8,100.00 |
| Feb 5, 2026 | Susan Williamson Ross | director | −200 | $8,091.62 |
- D.R. Horton
National homebuilder overlap in entry-level, move-up, and mortgage services
- Lennar
National builder with East/Southeast and mortgage-channel overlap.
- PulteGroup
Broad new-home peer across buyer tiers and builder financing.
- Toll Brothers
Luxury-home peer across Eastern and Southeastern markets.
- Meritage Homes
Entry-level homebuilder overlapping NVR in Southeast markets
- KB Home
Built-to-order homebuilder overlapping entry and move-up buyers.
- M/I Homes
Regional overlap in entry-level, move-up homes, and buyer financing
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NVR | $6,292.09 | +1.67% | $16.71B | 16.1 | 16.3 | 1.8 | −10.6% |
| D.R. Horton | $142.43 | +2.28% | $38.95B | 13.3 | 12.8 | 1.2 | +0.0% |
| Lennar | $81.68 | +4.61% | $19.39B | 14.8 | 16.5 | 0.6 | −9.0% |
| PulteGroup | $121.00 | +1.71% | $22.96B | 12.2 | 11.4 | 1.4 | −9.6% |
| Toll Brothers | $137.33 | +1.35% | $12.67B | 10.9 | 10.1 | 1.2 | −9.7% |
| Meritage Homes | $65.82 | +2.28% | $4.29B | 13.5 | 12.2 | 0.8 | −14.3% |
| KB Home | $48.58 | +1.49% | $2.93B | 11.6 | 11.4 | 0.5 | −27.3% |
| M/I Homes | $142.40 | +1.47% | $3.55B | 11.8 | 10.9 | 0.8 | −8.5% |
| Median | 12.2 | 11.4 | 0.8 | −9.6% |