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

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 Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative 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 Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative 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 Quiver Quantitative's $NVR forecast page.

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