Pictet Asset Management SA Sells 320 Shares of NVR, Inc. (NYSE:NVR)

Pictet Asset Management SA lowered its stake in shares of NVR, Inc. (NYSE:NVRGet Rating) by 19.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,346 shares of the construction company’s stock after selling 320 shares during the quarter. Pictet Asset Management SA’s holdings in NVR were worth $5,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of NVR in the 1st quarter worth $27,000. CWM LLC boosted its holdings in NVR by 250.0% during the second quarter. CWM LLC now owns 7 shares of the construction company’s stock worth $28,000 after purchasing an additional 5 shares during the last quarter. CX Institutional bought a new stake in NVR in the 2nd quarter worth about $32,000. Quent Capital LLC grew its position in NVR by 150.0% in the 1st quarter. Quent Capital LLC now owns 10 shares of the construction company’s stock worth $45,000 after purchasing an additional 6 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in NVR by 21.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17 shares of the construction company’s stock valued at $76,000 after buying an additional 3 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other NVR news, Director Susan Williamson Ross sold 250 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $4,487.78, for a total transaction of $1,121,945.00. Following the sale, the director now directly owns 405 shares of the company’s stock, valued at $1,817,550.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Daniel David Malzahn sold 482 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $4,200.00, for a total value of $2,024,400.00. Following the completion of the transaction, the chief financial officer now directly owns 6,554 shares of the company’s stock, valued at $27,526,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 250 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $4,487.78, for a total value of $1,121,945.00. Following the sale, the director now owns 405 shares in the company, valued at $1,817,550.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,067 shares of company stock worth $13,014,824. Company insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research analyst reports. UBS Group boosted their target price on NVR from $4,100.00 to $4,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. KeyCorp raised their target price on NVR from $4,800.00 to $5,120.00 and gave the company an “overweight” rating in a research report on Monday, November 14th. Bank of America reissued a “buy” rating and issued a $4,900.00 price target on shares of NVR in a report on Tuesday, October 18th. Finally, Wells Fargo & Company raised their price objective on shares of NVR to $4,580.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4,646.00.

NVR Stock Performance

Shares of NVR opened at $4,392.59 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.70 and a quick ratio of 2.35. The firm has a market cap of $14.06 billion, a PE ratio of 9.81, a PEG ratio of 7.35 and a beta of 0.94. NVR, Inc. has a 1 year low of $3,576.01 and a 1 year high of $5,982.44. The stock’s fifty day moving average price is $4,157.14 and its two-hundred day moving average price is $4,221.29.

NVR Profile

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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