NVR, Inc. (NYSE:NVR) Shares Bought by Pictet Asset Management Ltd.

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Pictet Asset Management Ltd. boosted its position in shares of NVR, Inc. (NYSE:NVR) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,480 shares of the construction company’s stock after buying an additional 679 shares during the period. Pictet Asset Management Ltd. owned 0.18% of NVR worth $21,839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in NVR by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 38,759 shares of the construction company’s stock worth $94,401,000 after buying an additional 2,058 shares in the last quarter. SG Americas Securities LLC grew its stake in NVR by 36.1% in the 1st quarter. SG Americas Securities LLC now owns 215 shares of the construction company’s stock worth $595,000 after buying an additional 57 shares in the last quarter. Janus Henderson Group PLC grew its stake in NVR by 122.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,761 shares of the construction company’s stock worth $7,635,000 after buying an additional 1,518 shares in the last quarter. Victory Capital Management Inc. grew its stake in NVR by 1,035.7% in the 1st quarter. Victory Capital Management Inc. now owns 12,277 shares of the construction company’s stock worth $33,970,000 after buying an additional 11,196 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in NVR by 3.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 351 shares of the construction company’s stock worth $971,000 after buying an additional 11 shares in the last quarter. 80.36% of the stock is currently owned by institutional investors.

NVR has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of NVR from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $3,300.00 to $3,680.00 in a research note on Wednesday. Evercore ISI raised shares of NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Evercore raised shares of NVR from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Co upped their price objective on shares of NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. Finally, ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $3,537.33.

Shares of NVR stock traded down $4.86 during trading on Friday, reaching $3,675.20. The company’s stock had a trading volume of 165 shares, compared to its average volume of 21,955. NVR, Inc. has a 52-week low of $2,040.71 and a 52-week high of $3,770.00. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.64 and a beta of 0.62. The firm’s 50-day moving average is $3,519.49 and its two-hundred day moving average is $3,223.38. The company has a quick ratio of 2.14, a current ratio of 4.29 and a debt-to-equity ratio of 0.32.

NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, July 19th. The construction company reported $53.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $44.87 by $8.22. NVR had a net margin of 11.54% and a return on equity of 44.03%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the company earned $49.05 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, equities research analysts anticipate that NVR, Inc. will post 209.1 EPS for the current year.

In other NVR news, Director Charles Elliott Andrews sold 1,950 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $3,581.49, for a total transaction of $6,983,905.50. Following the completion of the sale, the director now owns 2,988 shares of the company’s stock, valued at approximately $10,701,492.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul C. Saville sold 20,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $3,502.83, for a total transaction of $70,056,600.00. Following the sale, the chief executive officer now directly owns 132,770 shares of the company’s stock, valued at approximately $465,070,739.10. The disclosure for this sale can be found here. Insiders have sold a total of 32,561 shares of company stock valued at $114,955,340 in the last three months. 11.10% of the stock is currently owned by corporate insiders.

About NVR

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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