Banque Pictet & Cie SA Grows Position in NVR, Inc. (NYSE:NVR)

Banque Pictet & Cie SA lifted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,577 shares of the construction company's stock after purchasing an additional 136 shares during the quarter. Banque Pictet & Cie SA owned about 0.05% of NVR worth $11,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NVR. GAMMA Investing LLC boosted its holdings in NVR by 838,726.3% during the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Norges Bank acquired a new position in NVR during the fourth quarter worth $295,643,000. JPMorgan Chase & Co. boosted its holdings in NVR by 165.8% during the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in NVR during the fourth quarter worth $118,087,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. UBS Group cut their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9,023.33.

NVR Trading Up 1.1%

NYSE NVR traded up $86.89 on Thursday, reaching $7,787.82. The company had a trading volume of 7,796 shares, compared to its average volume of 22,220. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 4.09 and a beta of 0.99. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The business has a 50 day moving average of $7,244.77 and a two-hundred day moving average of $7,437.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02.

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

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

NVR Company 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.