NVR, Inc. $NVR Holdings Lowered by Pictet Asset Management Holding SA

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

A number of other institutional investors have also recently bought and sold shares of the stock. DV Equities LLC acquired a new stake in NVR during the 4th quarter worth about $29,000. Strive Financial Group LLC acquired a new position in shares of NVR in the fourth quarter worth about $29,000. Oakworth Capital Inc. acquired a new position in shares of NVR in the fourth quarter worth about $36,000. State of Wyoming acquired a new position in shares of NVR in the second quarter worth about $44,000. Finally, USA Financial Formulas increased its position in shares of NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $6,650.96 on Thursday. The business’s 50-day moving average is $6,259.91 and its 200-day moving average is $6,891.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 5.05 and a beta of 0.90. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business posted $94.83 earnings per share. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. Equities research analysts expect that NVR, Inc. will post 372.53 EPS for the current fiscal year.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 11 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NVR shares. Truist Financial cut their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. UBS Group lowered their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Seaport Research Partners reissued a “sell” rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Finally, BTIG Research restated a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7,649.33.

NVR Company 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.