Pictet Asset Management Ltd. purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,100 shares of the construction company’s stock, valued at approximately $2,511,000.

A number of other large investors also recently bought and sold shares of the stock. Argent Capital Management LLC raised its stake in shares of NVR by 2.3% in the first quarter. Argent Capital Management LLC now owns 268 shares of the construction company’s stock valued at $565,000 after buying an additional 6 shares during the period. Tdam USA Inc. raised its stake in shares of NVR by 0.5% in the first quarter. Tdam USA Inc. now owns 1,321 shares of the construction company’s stock valued at $2,783,000 after buying an additional 7 shares during the period. Keybank National Association OH raised its stake in shares of NVR by 4.1% in the first quarter. Keybank National Association OH now owns 179 shares of the construction company’s stock valued at $377,000 after buying an additional 7 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares during the period. Finally, Oakbrook Investments LLC raised its stake in shares of NVR by 4.0% in the second quarter. Oakbrook Investments LLC now owns 260 shares of the construction company’s stock valued at $627,000 after buying an additional 10 shares during the period. 77.29% of the stock is currently owned by institutional investors.

NVR, Inc. (NYSE:NVR) opened at 2702.89 on Tuesday. The stock has a market cap of $10.12 billion, a P/E ratio of 21.38 and a beta of 0.67. NVR, Inc. has a 1-year low of $1,478.04 and a 1-year high of $2,775.52. The company’s 50-day moving average price is $2,614.72 and its 200-day moving average price is $2,265.41.

NVR (NYSE:NVR) last announced its quarterly earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $22.01 EPS. Analysts predict that NVR, Inc. will post $139.24 EPS for the current year.

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Several equities research analysts have recently weighed in on the company. MKM Partners reissued a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price on the stock in a research report on Wednesday, June 28th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2,672.00.

In related news, CEO Paul C. Saville sold 2,086 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the completion of the transaction, the chief executive officer now directly owns 118,066 shares of the company’s stock, valued at approximately $273,332,235.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Donahue sold 325 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $2,730.07, for a total value of $887,272.75. Following the completion of the transaction, the director now directly owns 843 shares of the company’s stock, valued at $2,301,449.01. The disclosure for this sale can be found here. Insiders sold a total of 6,486 shares of company stock valued at $16,484,196 over the last three months. Corporate insiders own 11.30% of the company’s stock.

About NVR

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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