NVR Falls as Weak Q3 Trends and Analyst Downgrade Weigh on Shares

2026-10-26

Investivoq PriceTracker

NVR, Inc. (NVR) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a combination of softer third-quarter results and a fresh analyst downgrade that highlighted weaker orders, slower absorption, and near-term margin pressure. The company’s latest release showed declines in revenue, earnings, order volume, and pricing, which likely reinforced concerns about housing affordability and demand in its markets.

Details:

NVR disclosed third-quarter net income of $248.6 million, down 27% year over year, while diluted earnings per share fell 20% to $89.45.

Consolidated third-quarter revenue slipped to $2.40 billion from $2.61 billion a year earlier, and homebuilding revenue fell 8%.

New orders dropped 7% to 4,391 units, the average sales price of new orders declined 5%, and the cancellation rate rose to 21% from 19%.

Homebuilding gross profit margin narrowed to 18.3% from 21.0%, with the company citing higher lot costs, pricing pressure tied to affordability challenges and weak consumer sentiment, plus land deposit impairments.

Sources:

SEC, NVR Investor Relations, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NVR Insider Trading Activity

$NVR insiders have traded $NVR stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $NVR stock by insiders over the last 6 months:

GEORGE OLIVER purchased 63 shares for an estimated $405,185

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$NVR Hedge Fund Activity

We have seen 306 institutional investors add shares of $NVR stock to their portfolio, and 280 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AQR CAPITAL MANAGEMENT LLC added 40,237 shares (+453.9%) to their portfolio in Q2 2026, for an estimated $274,150,775
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 25,100 shares (+inf%) to their portfolio in Q2 2026, for an estimated $171,016,340
GOLDMAN SACHS GROUP INC added 12,763 shares (+72.1%) to their portfolio in Q2 2026, for an estimated $86,959,424
BLACKROCK, INC. added 12,219 shares (+4.3%) to their portfolio in Q2 2026, for an estimated $83,252,934
JPMORGAN CHASE & CO added 12,070 shares (+inf%) to their portfolio in Q2 2026, for an estimated $82,237,738
PACER ADVISORS, INC. added 11,441 shares (+inf%) to their portfolio in Q2 2026, for an estimated $77,952,109
THRIVENT FINANCIAL FOR LUTHERANS removed 10,072 shares (-96.9%) from their portfolio in Q2 2026, for an estimated $68,624,564

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$NVR Analyst Ratings

Wall Street analysts have issued reports on $NVR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Zelman & Assoc issued a "Buy" rating on 07/07/2026

To track analyst ratings and price targets for $NVR, check out Investivoq's $NVR forecast page.

This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.