Banque Pictet & Cie SA Sells 115 Shares of NVR, Inc. (NYSE:NVR)

Banque Pictet & Cie SA decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,441 shares of the construction company’s stock after selling 115 shares during the period. Banque Pictet & Cie SA’s holdings in NVR were worth $11,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its position in NVR by 40.0% during the third quarter. CWM LLC now owns 21 shares of the construction company’s stock valued at $206,000 after purchasing an additional 6 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in NVR by 13.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 34 shares of the construction company’s stock worth $334,000 after buying an additional 4 shares during the last quarter. Fulton Breakefield Broenniman LLC bought a new position in NVR during the third quarter valued at approximately $245,000. Bleakley Financial Group LLC purchased a new position in shares of NVR during the third quarter worth approximately $255,000. Finally, Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth approximately $39,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR opened at $7,336.44 on Friday. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77. The company has a 50-day simple moving average of $8,153.80 and a two-hundred day simple moving average of $8,824.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The firm has a market capitalization of $22.45 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NVR 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 transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Bank of America dropped their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average target price of $9,356.67.

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.