Banque Pictet & Cie SA Increases Stake in NVR, Inc. (NYSE:NVR)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JDM Financial Group LLC bought a new position in NVR in the fourth quarter valued at about $25,000. Olde Wealth Management LLC acquired a new position in NVR in the first quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after acquiring an additional 3 shares in the last quarter. CX Institutional bought a new position in NVR during the first quarter worth $43,000. Finally, Franchise Capital Ltd bought a new position in NVR during the first quarter worth $51,000. Institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NVR shares. UBS Group lowered 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 research 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 given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Stock Up 2.6%

NYSE NVR traded up $194.39 on Wednesday, reaching $7,712.76. The company had a trading volume of 17,106 shares, compared to its average volume of 22,252. The stock has a market capitalization of $22.55 billion, a P/E ratio of 15.87, a P/E/G ratio of 4.12 and a beta of 0.99. The company's fifty day moving average is $7,232.99 and its 200 day moving average is $7,435.77. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23.

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

NVR announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often 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.