Pictet Asset Management Holding SA Has $26.64 Million Stake in NVR, Inc. $NVR

Pictet Asset Management Holding SA lowered its position in shares of NVR, Inc. (NYSE:NVR) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,652 shares of the construction company’s stock after selling 344 shares during the period. Pictet Asset Management Holding SA’s holdings in NVR were worth $26,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. waypoint wealth counsel bought a new stake in NVR in the 4th quarter valued at $204,000. B. Metzler seel. Sohn & Co. AG increased its position in NVR by 9.7% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 193 shares of the construction company’s stock worth $1,408,000 after buying an additional 17 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of NVR by 10.8% during the fourth quarter. Teacher Retirement System of Texas now owns 5,461 shares of the construction company’s stock worth $39,826,000 after buying an additional 533 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares in the last quarter. Finally, Davidson Kahn Capital Management LLC boosted its position in shares of NVR by 1.9% in the fourth quarter. Davidson Kahn Capital Management LLC now owns 324 shares of the construction company’s stock valued at $2,363,000 after acquiring an additional 6 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at approximately $3,088,000. The trade was a 36.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,120 shares of company stock valued at $9,012,736 in the last ninety days. 8.60% of the stock is currently owned by company insiders.

NVR Stock Performance

NVR opened at $6,315.98 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. NVR, Inc. has a 52-week low of $6,195.15 and a 52-week high of $8,618.28. The firm has a market cap of $17.56 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 4.35 and a beta of 1.07. The business’s fifty day moving average is $6,780.56 and its 200-day moving average is $7,251.55.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 31.82%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $94.83 EPS. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 393.81 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on NVR. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. Truist Financial dropped their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. BTIG Research reissued a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.