Pictet Asset Management Holding SA Sells 160 Shares of NVR, Inc. (NYSE:NVR)

Pictet Asset Management Holding SA decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,510 shares of the construction company’s stock after selling 160 shares during the period. Pictet Asset Management Holding SA’s holdings in NVR were worth $36,887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC acquired a new position in NVR during the fourth quarter worth $1,693,000. Norges Bank acquired a new position in shares of NVR during the 4th quarter valued at about $295,643,000. Caisse Des Depots ET Consignations bought a new position in shares of NVR in the 4th quarter valued at approximately $1,947,000. UniSuper Management Pty Ltd raised its stake in shares of NVR by 22.1% in the 4th quarter. UniSuper Management Pty Ltd now owns 321 shares of the construction company’s stock valued at $2,625,000 after acquiring an additional 58 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in NVR by 165.8% in the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock worth $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Activity 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 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 transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.00% of the stock is owned by corporate insiders.

NVR Stock Down 2.1 %

Shares of NVR stock opened at $7,163.11 on Monday. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.27 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The stock has a 50 day moving average of $7,514.50 and a 200-day moving average of $8,487.31.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target 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. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.