NVR, Inc. $NVR Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 4.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,495 shares of the construction company’s stock after selling 157 shares during the quarter. Pictet Asset Management Holding SA owned about 0.13% of NVR worth $23,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NVR. Louisiana State Employees Retirement System bought a new stake in shares of NVR during the first quarter valued at about $659,000. OP Asset Management Ltd acquired a new position in NVR during the 1st quarter valued at about $1,990,000. Amiral Gestion raised its position in shares of NVR by 7.7% during the 1st quarter. Amiral Gestion now owns 2,582 shares of the construction company’s stock worth $17,015,000 after buying an additional 185 shares in the last quarter. Cidel Asset Management Inc. bought a new stake in shares of NVR during the 1st quarter worth about $204,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of NVR by 112.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 266 shares of the construction company’s stock worth $1,753,000 after acquiring an additional 141 shares during the period. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NVR shares. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. BTIG Research reiterated a “buy” rating and set a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Finally, Truist Financial dropped their price objective on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7,649.33.

NVR Stock Performance

NYSE:NVR opened at $6,650.96 on Thursday. The company has a 50-day moving average of $6,259.91 and a 200-day moving average of $6,891.69. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last released its 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 return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm earned $94.83 earnings per share. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. Analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current fiscal year.

Insider Transactions at NVR

In related news, Director Michael J. Devito purchased 11 shares of the company’s stock in a transaction on Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 8.60% of the company’s stock.

NVR 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.