NVR, Inc. (NYSE:NVR) Stake Reduced by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Peak Financial Advisors LLC acquired a new stake in NVR during the fourth quarter valued at approximately $1,235,000. JPMorgan Chase & Co. increased its holdings in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after buying an additional 2,206 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after acquiring an additional 644 shares during the last quarter. Markel Group Inc. boosted its stake in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after acquiring an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after acquiring an additional 1,549 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NVR opened at $7,163.11 on Monday. The firm has a market capitalization of $21.27 billion, a P/E ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.25. The stock has a fifty day moving average of $7,514.50 and a 200-day moving average of $8,487.31. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last announced 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%. Equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is owned by insiders.

Analyst Ratings Changes

NVR has been the subject of several analyst reports. UBS Group upped their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9,356.67.

About NVR

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.