NVR (NYSE:NVR) Stock Gets Downgrade from Bank of America

Posted by Brenda Bartman on Oct 23rd, 2026

NVR (NYSE:NVR – Get Free Report) was downgraded by research analysts at Bank of America from a “buy” rating to an “underperform” rating in a research note issued to investors on Friday, Briefing.com reports. They currently have a $5,900.00 price target on the construction company’s stock. Bank of America‘s price objective would suggest a potential downside of 3.32% from the stock’s current price.

Several other research firms have also commented on NVR. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Truist Financial decreased their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. UBS Group decreased their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. BTIG Research set a $7,125.00 price target on NVR in a report on Tuesday, September 22nd. Finally, Morgan Stanley initiated coverage on NVR in a research report on Thursday, October 1st. They set an “underweight” rating and a $5,058.00 price objective for the company. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $6,593.00.

Check Out Our Latest Research Report on NVR

NVR Price Performance

Shares of NYSE NVR opened at $6,102.54 on Friday. NVR has a twelve month low of $5,501.01 and a twelve month high of $8,200.00. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 15.83 and a beta of 0.90. The firm has a 50-day moving average of $6,171.27 and a two-hundred day moving average of $6,305.19.

NVR (NYSE:NVR – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $102.77 by ($13.32). The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.57 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $112.33 EPS. As a group, analysts expect that NVR will post 361.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director George Oliver acquired 63 shares of the business’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of NVR in the second quarter worth approximately $2,004,324,000. State Street Corp boosted its holdings in NVR by 0.9% in the second quarter. State Street Corp now owns 128,768 shares of the construction company’s stock worth $877,348,000 after purchasing an additional 1,172 shares in the last quarter. Dimensional Fund Advisors LP increased its position in NVR by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 40,154 shares of the construction company’s stock worth $264,589,000 after buying an additional 1,588 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new position in NVR during the second quarter worth $194,114,000. Finally, First Trust Advisors LP raised its holdings in NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after buying an additional 21,926 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR News Roundup

Here are the key news stories impacting NVR this week:

Positive Sentiment: Two NVR insiders reportedly purchased shares during the past six months, including purchases by George Oliver and Michael J. DeVito. While relatively small, insider buying can signal management confidence. NVR Releases Q3 2026 Earnings
Positive Sentiment: Institutional ownership activity was mixed but included notable additions from AQR Capital Management, Goldman Sachs, BlackRock and JPMorgan, potentially providing some support for the stock. NVR Releases Q3 2026 Earnings
Neutral Sentiment: NVR reported third-quarter net income of $248.6 million, or $89.45 per diluted share. Its net margin was 12.26% and return on equity was 31.02%, indicating the company remains profitable despite weaker operating results. NVR Announces Third Quarter Results
Negative Sentiment: Third-quarter EPS of $89.45 missed analyst estimates ranging from approximately $102.77 to $106.11, while revenue of roughly $2.35 billion to $2.42 billion also fell short of expectations near $2.57 billion to $2.60 billion. NVR Q3 Earnings and Revenues Lag Estimates
Negative Sentiment: EPS declined from $112.33 in the year-earlier quarter, and revenue fell 8.2% year over year. Reports attributed the pressure to a broader housing slowdown weighing on major U.S. homebuilders. Housing Slump Weighs on Major US Homebuilders

About NVR

(Get Free Report)

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.