NVR initiated with a Buy at BTIG

BTIG initiated coverage of NVR (NVR) with a Buy rating and $9,022 price target Controlled lot growth has outpaced community growth by 17% for the past eight quarters, and the firm believes NVR has the controlled land bank to drive high single-digit community growth in 2026 and 2027 and gain market share, a long-held strategic directive. The firm added that Mid-Atlantic footprint has been a headwind to the stock although the market itself has been fairly resilient.