NVR Stock (NYSE:NVR), Trade Ideas

NVR Inc is a United States-based homebuilding company. It builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. The company through its subsidiary also operates a mortgage banking and title services business. The homebuilding segment includes four geographic areas of the United States; Mid-Atlantic, North East, Mid-East, and South East.

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Orion Energy Systems, Inc.&#39;s (NASDAQ: OESX) electric vehicle charging solutions division, Voltrek, secured more than $11 million of open construction services contracts from Eversource Energy under its ‘EV Make Ready&#39; program.

Orion&#39;s (OESX) Voltrek Wins $11M Eversource Energy Contracts

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President Biden&#39;s corporate tax overhaul impacts major entities like Duke Energy, Whirlpool, KKR, and Blackstone. Despite intentions, the CAMT faces criticism for porous structure, while the Treasury Department advocates for rate hikes to address tax avoidance.

Biden&#39;s Corporate Tax Overhaul - Companies Navigate Uncertainties Of Tax Changes Without Clear Guidance

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iShares Dow Jones US Homenstruction Index Fund

Berkshire Hathaway has a $20 million stake in Lennar, Buffett sold shares in DR Horton

Warren Buffett&#39;s Bet On Lennar: Will The Homebuilding Giant&#39;s Earnings Report Validate The Investment?

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UBS analyst John Lovallo maintains NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) with a Neutral and raises the price target from $7600 to $8175.

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UBS Maintains Neutral on NVR, Raises Price Target to $8175

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) reported quarterly earnings of $116.41 per share which beat the analyst consensus estimate of $103.97 by 11.96 percent. The company reported quarterly sales of $2.286 billion which beat the analyst consensus estimate of $2.221 billion by 2.91 percent. This is a 4.96 percent increase over sales of $2.178 billion the same period last year.

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NVR Q1 2024 GAAP EPS $116.41 Beats $103.97 Estimate, Sales $2.286B Beat $2.221B Estimate

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) has outperformed the market over the past 20 years by 7.52% on an annualized basis producing an average annual return of 15.4%. Currently, NVR has a market capitalization of $24.81 billion. 
Buying $1000 In NVR: If an investor had bought $1000 of NVR stock 20 years ago, it would be worth $17,473.52 today based on a price of $7757.18 for NVR at the time of writing.
<h3>NVR's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712946618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning NVR Stock In The Last 20 Years

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Shares of homebuilders and household durables stocks are trading lower following hotter-than-expected March inflation data, which could cause rate cut uncertainty.

Orion Energy Systems, Inc.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oesx#NASDAQ">OESX</a>) electric vehicle&nbsp;charging solutions division, Voltrek, secured more than $11 million of open construction services contracts from Eversource Energy under its &lsquo;EV Make Ready&#39; program. These contracts were finalized in the fiscal 2024 and represent more than 25 individual projects. 
These projects, previously part of Orion&#39;s revenue outlook, are now contracted and slated for execution within the company&#39;s fiscal year 2025 (starting Apr 1, 2024). They involve Level 2 and Level 3 chargers, serving various needs such as public, workplace and fleet charging applications. This reflects the growing demand for EV charging solutions. This reflects the growing demand for EV charging solutions, marking significant progress in OESX&#39;s EV charging business and reaffirming Voltrek&#39;s position as a trusted industry partner.
<h3>Focus on EV Charging Business</h3>
The company&#39;s EV Segment provides leading expertise in electric vehicle charging, offering sales, installation of sourced charging stations, and related software subscriptions and renewals. It also delivers turnkey installation solutions with ongoing support to all commercial verticals. 
During third-quarter fiscal 2023, the company&#39;s Voltrek EV charging solutions revenues remained flat compared with the year-ago period&#39;s levels. It declined sequentially, primarily due to the variability and timing of larger projects. However, OESX is witnessing promising progress in the development of its long-term EV charging project pipeline as it engages with new and existing customers to meet their EV charging needs. 
OESX has made significant progress in expanding the Voltrek team and its geographic coverage to cater to the needs of large national customers. The company enjoys a broader customer base and opportunities, leading to growth in its project pipeline, which currently exceeds $50 million. It anticipates some variability in the quarter-over-quarter performance of this segment due to the timing of expected larger regional and national projects.
<h3>Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8c/64282.jpg?v=1041756208" /> 
Image Source: Zacks Investment Research
The company&#39;s shares have dropped 7.1% in the past three months against the Zacks Building Products-Lightning industry&#39;s growth of 27.7%. The company has been facing significant inflationary pressures in the past several quarters, leading to many older contracts becoming unprofitable. In response to higher costs, OESX increased its pricing to align its profit margin more closely with its overall business.
<h3>Zacks Rank &amp; Key Picks</h3>
Orion currently carries a Zacks Rank #3 (Hold). 
Here are some better-ranked stocks from the Zacks Construction sector: 
Vulcan Materials Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmc#NYSE">VMC</a>) currently sports a Zacks Rank of #1 (Strong Buy). 
VMC delivered a trailing four-quarter earnings surprise of 19.5%, on average. The stock has gained 29.9% in the past six months. The Zacks Consensus Estimate for VMC&#39;s 2024 sales and earnings per share (ETF:EPS) indicates an improvement of 1.3% and 19.7%, respectively, from a year ago. 
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 20.4%, on average. Shares of STRL have increased 45.3% in the past six months. 
The Zacks Consensus Estimate for STRL&#39;s 2024 sales and EPS indicates a rise of 11.7% and 11.4%, respectively, from the prior-year levels. 
NVR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvr#NYSE">NVR</a>) currently sports a Zacks Rank #2 (Buy). NVR delivered a trailing four-quarter earnings surprise of 8.1%, on average. The stock has gained 33% in the past six months. 
The Zacks Consensus Estimate for NVR&#39;s 2024 sales and EPS indicates growth of 7.7% and 4.6%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2250723/orion-s-oesx-voltrek-wins-11m-eversource-energy-contracts?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2250723">To read this article on Zacks.com click here.</a>

Orion's (OESX) Voltrek Wins $11M Eversource Energy Contracts

NVR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) short percent of float has fallen 16.22% since its last report. The company recently reported that it has 42 thousand shares sold short, which is 1.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NVR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712167217_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NVR has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing NVR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NVR's peer group average for short interest as a percentage of float is 6.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About NVR?

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) has outperformed the market over the past 15 years by 7.91% on an annualized basis producing an average annual return of 20.89%. Currently, NVR has a market capitalization of $25.15 billion. 
Buying $100 In NVR: If an investor had bought $100 of NVR stock 15 years ago, it would be worth $1,849.88 today based on a price of $7865.00 for NVR at the time of writing.
<h3>NVR's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711566014_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $1,800 Today

President Joe Biden&#8217;s drive to revamp corporate taxation hit major entities like&nbsp;Duke Energy Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), the appliance maker&nbsp;Whirlpool Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), and the investment firms&nbsp;KKR &amp; Co Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and&nbsp;Blackstone Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) in its inaugural year, with plans for broader implementation underway.&nbsp;
The initiative, anchored in the 15% Corporate Alternative Minimum Tax (CAMT) introduced through the 2022 Inflation Reduction Act, aims to address tax avoidance loopholes exploited by profitable corporations.&nbsp;
Despite its intentions, the CAMT has been criticized for its porous structure, allowing companies to leverage various tax breaks, thus undermining the goal of imposing a minimum tax rate.
Experts like Kyle Pomerleau from the American Enterprise Institute highlight the anticipated shortcomings of the CAMT, which was projected to generate substantial revenue over a decade.&nbsp;
However, the Wall Street Journal highlights that the Treasury Department backs Biden&#8217;s proposal to increase the CAMT rate to 21%, alongside a hike in the main corporate tax rate to 28%, emphasizing its necessity in curbing aggressive tax avoidance practices.
Since its implementation in January 2023, companies have navigated the complexities of CAMT without detailed guidelines from the Treasury Department.&nbsp;
Despite uncertainties, several companies have disclosed their CAMT liabilities, citing factors such as stock-based compensation and international tax implications.
Other companies disclosing CAMT costs or potential effects include Corebridge Financial Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), Airbnb Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Devon Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), General Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), and the home builder NVR Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>).
The intricacies of CAMT pose significant challenges for companies teetering near the $1 billion threshold, as determining liability necessitates intricate calculations.&nbsp;
Moreover, pending legislation addressing research deductions could potentially expand CAMT&#8217;s reach, pending Senate action.&nbsp;
As businesses grapple with the ambiguity surrounding CAMT regulations, tax planning remains cautious, emphasizing a defensive stance.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Biden's Corporate Tax Overhaul - Companies Navigate Uncertainties Of Tax Changes Without Clear Guidance

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) has outperformed the market over the past 15 years by 8.1% on an annualized basis producing an average annual return of 21.31%. Currently, NVR has a market capitalization of $24.36 billion. 
Buying $1000 In NVR: If an investor had bought $1000 of NVR stock 15 years ago, it would be worth $19,521.17 today based on a price of $7625.00 for NVR at the time of writing.
<h3>NVR's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710253811_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In NVR 15 Years Ago Would Be Worth Today

Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is the last of the major homebuilders to report earnings for the October-December period on Wednesday and gives the market an update on the <a href="https://www.benzinga.com/topic/homebuilders">state of the homebuilding industry</a>.
Consensus estimates suggest earnings per share of $2.21, up 4.2% from the $2.12 reported in the same quarter a year ago.
More importantly, Lennar consistently beat earnings expectations for more than three years and by double-digit percentages in the past four quarters. The market could be looking for something special here.
The Oracle of Omaha, Warren Buffett, purchased around $20 million worth of Lennar shares in 2023, along with shares in D.R. Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), which he subsequently sold. 
This was a prescient move, as D.R. Horton&#8217;s shares fell sharply in January after investors failed to be impressed by the quality of its earnings in the final quarter of 2023. Nevertheless, D.R. Horton shares remain 0.2% higher in 2024.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/11141101/newplot-2024-03-11T181039.846.png" alt="" class="wp-image-247063" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/11141101/newplot-2024-03-11T181039.846.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/11141101/newplot-2024-03-11T181039.846-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/03/37594018/nycb-shares-keep-falling-as-investors-weigh-significant-and-very-expensive-financial-strategy">NYCB Shares Keep Falling As Investors Weigh &#8216;Significant And Very Expensive&#8217; Financial Strategy</a>
<h1 class="wp-block-heading">Results From Rivals</h1>
But will Buffett&#8217;s faith in Lennar pay off? Let&#8217;s look at some of the other results in the sector.
Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) <a href="https://www.benzinga.com/markets/equities/24/02/37243453/toll-brothers-paves-the-way-2024-profit-projections-rise-cementing-homebuilder-hopes">did impress</a> with its results, with a strong earnings beat, confident outlook for 2024 and the promise of shareholder returns through dividends and buybacks. Toll Brothers shares are up 15.6% so far in 2024.
NVR Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) <a href="https://www.benzinga.com/trading-ideas/movers/23/01/30650978/why-nvr-shares-are-trading-higher-today">reported</a> similarly impressive results and guidance for the year ahead, and its shares are up 8.4% year-to-date.
Pulte Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) had an outlook that was a little disappointing and saw shares dip over a two-week period in early February, but remained nearly 7% higher over the year so far.
Thus, Lennar, with shares up 9.4% in 2024, could possibly see some &#8220;buy-the-rumor-sell-the-fact&#8221; action on Wednesday — particularly if the broader markets remain as volatile as they have been in recent sessions, with some big tech names falling victim to profit-taking after scaling record highs.
Lennar, D.R. Horton, NVR and Pulte are the top four holdings on the iShares U.S. Home Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITB#NYSE">ITB</a>), with Toll Brothers a little lower down. Together, they&#8217;ve powered the exchange-traded fund 8% higher in 2024.
<h1 class="wp-block-heading">Housing Market Data Improving</h1>
It&#8217;s been an improving few months in the early part of 2024 as far as housing market data are concerned. Both new home sales and existing home sales are improving from lows seen in December, while mortgage applications surged 9.7% in the week up to March 1. 
Mortgage rates have fallen from their highs on expectations the Federal Reserve will begin cutting the main interest rate in the coming months, helping mitigate affordability issues for new buyers.
And, although January <a href="https://www.benzinga.com/markets/equities/24/02/37243453/toll-brothers-paves-the-way-2024-profit-projections-rise-cementing-homebuilder-hopes">housing starts data</a> shocked the market, showing a 14.8% slump on starts on new projects, analysts were quick to point out that this was more likely the result of severe winter storms rather than falling demand.
With housing market conditions appearing to improve, the stage could be set for a positive earnings report and outlook for Lennar. The company has already made the confident move of announcing it was raising its dividend from $1.50 to $2, plus an additional $5 billion on its share repurchase program.
Now Read: <a href="https://www.benzinga.com/news/earnings/24/03/37593551/is-nvidia-stock-becoming-too-volatile-to-buy-best-performing-stock-on-s-p-500-tests-investors-nerve">Is Nvidia Stock Becoming Too Volatile To Buy? Best-Performing Stock On S&amp;P 500 Tests Investors&#8217; Nerves</a>
Photo: Shutterstock

Warren Buffett's Bet On Lennar: Will The Homebuilding Giant's Earnings Report Validate The Investment?

Has Warren Buffett abandoned his investment thesis? Perhaps he couldn&#8217;t resist the allure of profits from home builder D.R. Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), whose price popped 70% in 2023.
The Oracle of Omaha jettisoned his stake in D.R. Horton after holding it for less than a year.
That&#8217;s according to a filing with the U.S. Securities and Exchange Commission, in which Buffett&#8217;s company, Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), disclosed that it sold its entire holding in D.R. Horton during the three months between October and December. 
The shares ended December at around $152. See chart below. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/27130408/newplot-2024-02-27T170350.476.png" alt="" class="wp-image-231118" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/27130408/newplot-2024-02-27T170350.476.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/27130408/newplot-2024-02-27T170350.476-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/02/37312557/hallelujah-for-shale-why-warren-buffett-likes-american-oil-companies">&#8216;Hallelujah&#8217; For Shale: Why Warren Buffett Likes American Oil Companies</a>
In August, Berkshire revealed that it had invested in D.R. Horton as well as two other U.S. home builders, Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and NVR Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) during the April-June quarter.
At this point, shares in D.R. Horton — of which Berkshire Hathaway acquired 5,969,714 — were trading somewhere between around $95-$115 each.
This kind of move is uncharacteristic of Buffett&#8217;s investment behavior.
The Berkshire Hathaway way, as so often cited by both Buffett and his late business partner Charlie Munger, is to buy and hold.
Munger&#8217;s take on it was: &#8220;The big money is not in the buying or selling, but in the waiting.&#8221;
And Buffett has already been pulled up on this by commentators at ResiClub, a U.S. housing market research company. 
ResiClub analyst Lance Lambert said: &#8220;It's interesting that Warren Buffett would so quickly sell off his D.R. Horton stake and exit the home builder bet. 
&#8220;After all,&nbsp;the Oracle of Omaha wrote in his 1996 letter to shareholders that: &#8216;If you aren&#8217;t willing to own a stock for ten years, don&#8217;t even think about owning it for ten minutes.'&#8221;
<h3 class="wp-block-heading">Are Other Sell-Offs From the BH Portfolio Likely?</h3>
Perhaps investors shouldn&#8217;t worry too much about whether Berkshire Hathaway will jettison other stocks from its portfolio. 
In his annual letter from earlier this week, Buffett remained effusive about many of the company&#8217;s long-term holdings.
On Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) he said: &#8220;We did not buy or sell a share of either Amex or Coke — extending our Rip Van Winkle slumber that has lasted well over two decades.&#8221;
He was similarly enthusiastic about the U.S. oil companies in the portfolio, including Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) and Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
Now Read: <a href="https://www.benzinga.com/news/24/02/37318338/berkshire-hathaway-report-shareholder-letter-released-whats-going-on-with-the-stock">Berkshire Hathaway Report, Shareholder Letter Released: What&#8217;s Going On With The Stock?</a>
 Image: Shutterstock

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Warren Buffett Ignores His Own Advice With Home Builder Stock: Are Other Stocks At Risk?

First-time home buyers worrying about housing affordability face two obstacles: high home prices and high mortgage rates.
Home prices have continued to rise in over 85% of U.S. cities, and according to a recent Redfin report, a homebuyer must earn $115,000 to afford a typical home, which is $40,000 more than the average American household earns.
One way for this gap to correct is for mortgage rates to go down, but this is something that Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) CEO Brian Moynihan does not foresee anytime soon.&nbsp;
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Compared to historical mortgage rates today's rates might not be so bad, Moynihan said. People likely will get used to mortgage rates of 6% to 7%, given that mortgage rates were over 18% in the 1980s during the Federal Reserve's inflation-fighting efforts, he told CNBC.
Given this backdrop, Moynihan argues that today's mortgage rates are more normal than during the unorthodox rate policy in the 15 years after the Great Financial Crisis, saying, "For 15 years, we had no real rate structure, you know, rate structure in the United States and around the world."
For consumers hoping to catch a break with lower mortgage rates, Goldman Sachs signals caution as well.
Trending: This startup is accepting investors for as little as 25 cents &#8211;<a href="https://www.benzinga.com/money/hiveskill"> what&#8217;s the catch?</a>
It extended its first expected rate cut past the Fed's May meeting after Federal Reserve policymakers have pushed back on the market's expectation of rate cuts this year, citing a need to see more consistent evidence of inflation stabilizing around the 2% target.
However, lower mortgage rates influenced by future Fed cuts aren't the only way buyers can hope for a lower rate.
U.S. consumers have been able to afford homes by purchasing newly built houses from home builders that have been willing to buy down buyers' mortgage rates to allow them to afford them. Homebuilders cannot wait for the Fed to lower rates to continue their business in the same way an individual homebuyer might be more willing to wait.
About 75% of homebuilders are offering mortgage rates lower than a homebuyer could get from a traditional financial institution, according to John Burns Research &amp; Consulting. Whether the trend of homebuilders aggressively buying down mortgage rates to encourage home sales is set to continue is up for debate, but one big investor has shaken up his portfolio regarding homebuilder stocks.
Warren Buffett's Berkshire Hathaway Inc. has recently been optimistic about the prospects of U.S. homebuilders, disclosing its stake in three major companies in the second quarter of 2023: D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), NVR Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) and Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).&nbsp;
However, Buffett switched course quickly on D.R. Horton, which was once his largest homebuilder stock. In the fourth quarter last year, Berkshire Hathaway announced it sold out of D.R. Horton while keeping both NVR and Lennar.
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Startups

7% Mortgage Rates Are Here To Stay, Bank of America's CEO Warns As Warren Buffett Sells Out Of This Homebuilder Stock

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) has outperformed the market over the past 15 years by 9.36% on an annualized basis producing an average annual return of 23.04%. Currently, NVR has a market capitalization of $23.63 billion. 
Buying $100 In NVR: If an investor had bought $100 of NVR stock 15 years ago, it would be worth $2,218.66 today based on a price of $7397.52 for NVR at the time of writing.
<h3>NVR's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708624815_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In NVR 15 Years Ago Would Be Worth Today

NVR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) short percent of float has risen 13.92% since its last report. The company recently reported that it has 49 thousand shares sold short, which is 1.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NVR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708452012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NVR has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing NVR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NVR's peer group average for short interest as a percentage of float is 5.00%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into NVR's Recent Short Interest

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BALY

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ECDA

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FIGS

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IRBT

KXIN

LAZR

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LGIH

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Shares of several companies in the broader consumer discretionary sector are trading lower after January CPI data showed a greater-than-expected rise in inflation.

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) has outperformed the market over the past 10 years by 9.62% on an annualized basis producing an average annual return of 20.11%. Currently, NVR has a market capitalization of $22.90 billion. 
Buying $1000 In NVR: If an investor had bought $1000 of NVR stock 10 years ago, it would be worth $6,153.18 today based on a price of $7166.90 for NVR at the time of writing.
<h3>NVR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707246026_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In NVR 10 Years Ago Would Be Worth Today

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) has outperformed the market over the past 10 years by 9.05% on an annualized basis producing an average annual return of 19.75%. Currently, NVR has a market capitalization of $23.04 billion. 
Buying $100 In NVR: If an investor had bought $100 of NVR stock 10 years ago, it would be worth $609.28 today based on a price of $7211.31 for NVR at the time of writing.
<h3>NVR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706886024_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $600 Today

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) reported quarterly earnings of $121.56 per share which beat the analyst consensus estimate of $121.50 by 0.05 percent. The company reported quarterly sales of $2.43 billion which missed the analyst consensus estimate of $2.59 billion by 6.07 percent. This is a 10.40 percent decrease over sales of $2.71 billion the same period last year.

Earnings Misses

NVR Q4 2023 Adj EPS $121.56 Beats $121.50 Estimate, Sales $2.43B Miss $2.59B Estimate

GRBK

Shares of housing stocks and homebuilders are trading lower in sympathy with D.R. Horton, which reported mixed Q1 results.

Much the same as real estate stocks, homebuilder stocks continue to ride a wave of momentum.&nbsp;
What happened: The housing sector is experiencing relief following the Federal Reserve&#8217;s decision to maintain current key interest rates. This move, signaling stability amid economic uncertainties, benefits homebuilders.
Homebuilders have faced many ups and downs over the past 12 months, with the economy and local market conditions changing rapidly. However, they continue to adapt — which positions them for more growth in 2024.&nbsp;
Many stocks are benefiting: As homebuilders continue to navigate various challenges, including rising interest rates, many of their corresponding stock prices are riding high. Here are some of the biggest gainers today.
NVR Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) is up $244.15 (3.65%) to $6,929.01.&nbsp;
Taylor Morrison Home Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>) is up $2.70 (5.5%) to $51.78.
KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) is up $3.56 (6.14%) to $61.37.
PulteGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is up $5.60 (5.72%) to $103.56.
D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is up $8.40 (5.83%) to $152.57.
Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) is up $7.19 (7.45%) to $103.65.
Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is up $8.79 (6.06%) to $153.95.&nbsp;
Dream Finders Homes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFH#NYSE">DFH</a>) is up $2.45 (8.87%) to $30.14.&nbsp;
All of these homebuilder stocks are inching higher Thursday, led by Dream Finders Homes, followed by Toll Brothers.
The recent decision by the Federal Reserve to maintain current key interest rates has resulted in significant gains for all eight of these homebuilder stocks.&nbsp;
Investing in real estate just got a whole lot simpler and you can get started in minutes with as little as $100. <a href="https://www.benzinga.com/alternative-investments/real-estate">Browse available offerings here</a>.

Thanks To The Federal Reserve, These Homebuilder Stocks Continue To Ride A Wave Of Momentum

Ensemble Fund Q1 2024 Investment Update

Long-term mortgage rates surpass 7% for 1st time in 2024

The stock experienced a classic "sell the news" dip today.

Why You Should Watch D.R. Horton

A Hawkish Pivot

NVR GAAP EPS of $99.89, revenue of $2.33B

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
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	The post <a href="https://investorplace.com/earning-results/2024/04/nvr-stock-earnings-nvr-for-q1-of-2024/">NVR Stock Earnings: NVR Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

NVR Stock Earnings: NVR Beats EPS, Beats Revenue for Q1 2024

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