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

Banque Pictet & Cie SA decreased its position in NVR, Inc. (NYSE:NVR) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the 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 quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NVR. Blue Trust Inc. bought a new position in NVR in the third quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the 3rd quarter worth $39,000. Private Trust Co. NA raised 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 worth $49,000 after purchasing an additional 2 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in NVR during the third quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new stake in NVR during the third quarter valued at about $59,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on NVR shares. Bank of America decreased their price objective 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. JPMorgan Chase & Co. dropped 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 research report on Wednesday, January 29th. UBS Group raised their price objective 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. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9,356.67.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $7,336.44 on Friday. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock has a 50 day moving average price of $8,153.80 and a 200-day moving average price of $8,824.52. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77.

NVR (NYSE:NVR) last announced its 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%. Equities analysts expect that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding 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 typically an indication that the company’s leadership believes its shares are undervalued.

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.