NVR, Inc. (NYSE:NVR) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,510 shares of the construction company's stock after selling 160 shares during the period. Pictet Asset Management Holding SA owned approximately 0.15% of NVR worth $36,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Private Trust Co. NA boosted its holdings in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of NVR in the third quarter valued at approximately $59,000. Townsquare Capital LLC purchased a new position in NVR in the third quarter worth $353,000. Public Sector Pension Investment Board raised its position in NVR by 18.2% in the third quarter. Public Sector Pension Investment Board now owns 130 shares of the construction company's stock worth $1,276,000 after acquiring an additional 20 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of NVR during the 3rd quarter worth $1,825,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NYSE:NVR traded up $303.39 during mid-day trading on Friday, hitting $7,413.38. 41,775 shares of the company's stock traded hands, compared to its average volume of 21,940. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a market cap of $22.01 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The firm's 50 day simple moving average is $7,407.03 and its 200 day simple moving average is $8,427.09. NVR, Inc. has a 1 year low of $6,918.00 and a 1 year high of $9,964.77.

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NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9,356.67.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.80% of the company's stock.

NVR Company 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.