Banque Pictet & Cie SA Decreases Stock Position in NVR, Inc. (NYSE:NVR)

Banque Pictet & Cie SA reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,441 shares of the construction company's stock after selling 115 shares during the quarter. Banque Pictet & Cie SA's holdings in NVR were worth $11,786,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NVR. International Assets Investment Management LLC boosted its position in NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock valued at $3,562,046,000 after acquiring an additional 363,004 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of NVR in the 3rd quarter valued at about $348,545,000. Mizuho Securities USA LLC boosted its position in shares of NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock valued at $162,071,000 after purchasing an additional 16,266 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in NVR by 254.1% during the third quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company's stock worth $87,001,000 after purchasing an additional 6,363 shares during the period. Finally, KBC Group NV increased its holdings in NVR by 299.9% in the third quarter. KBC Group NV now owns 5,622 shares of the construction company's stock worth $55,162,000 after purchasing an additional 4,216 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Down 1.8 %

Shares of NVR stock traded down $129.48 during trading hours on Tuesday, reaching $7,236.24. The company's stock had a trading volume of 40,595 shares, compared to its average volume of 27,228. The company has a market capitalization of $22.14 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.51 and a beta of 1.20. The stock's fifty day simple moving average is $8,054.64 and its two-hundred day simple moving average is $8,800.81. NVR, Inc. has a one year low of $7,192.17 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, research analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVR. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group raised their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, NVR has an average rating of "Hold" and a consensus target price of $9,356.67.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.