NVR, Inc.
At today's price, NVR, Inc. (NVR) is priced for +8.8% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• NVR builds homes without owning the land beneath them, controlling lots through option deposits rather than buying land outright, which gives it far higher returns on capital and far lower risk than a typical homebuilder. [Source: NVR FY2024 10-K] • The clearest near-term risk is the housing cycle: Q1 2026 net income fell 34% to $198.4 million as homebuilding revenue dropped 22% and gross margin compressed to 19.6% from 21.9% on pricing pressure and higher lot costs. [Source: NVR Q1 2026 resul
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631 institutional managers reported holding NVR in 13F filings for the quarter ended 2026-03-31. Together they hold about 79% of the company; the top 10 hold 41%. 49 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 132k shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (4.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NVR has cut its share count 23.2% over the past five years, spending $7.89B on repurchases. It pays no dividend. Cash returned over the past three years: $5.30B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at NVR over the trailing three years: 2025: 1 buy totaling $99k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NVR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +2.4% | -4.7% |
| 2023-11-04 | -2.3% | +17.8% |
| 2024-02-15 | -0.4% | +2.2% |
| 2024-05-07 | -0.1% | -3.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NVR's latest 8-K filings: 2026-05-15 (items 5.02, 9.01); 2026-05-08 (items 5.07, 9.01); 2026-04-22 (items 2.02, 9.01); 2026-01-28 (items 2.02, 9.01); 2025-10-22 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.