NVR, Inc. (NYSE:NVR) Shares Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,577 shares of the construction company's stock after purchasing an additional 136 shares during the quarter. Banque Pictet & Cie SA owned 0.05% of NVR worth $11,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management increased its position in shares of NVR by 21.2% during the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after purchasing an additional 11 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in NVR in the fourth quarter valued at approximately $1,701,000. Asset Management One Co. Ltd. raised its position in NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after purchasing an additional 63 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after purchasing an additional 36 shares during the period. Finally, GAMMA Investing LLC raised its position in NVR by 15.8% in the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Up 0.0%

Shares of NVR traded up $0.46 during mid-day trading on Thursday, reaching $7,701.39. The company's stock had a trading volume of 16,104 shares, compared to its average volume of 22,276. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock has a market cap of $22.49 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. The company's 50 day moving average is $7,257.70 and its 200 day moving average is $7,434.09.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. Equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. UBS Group cut their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9,023.33.

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.