NVR, Inc. (NYSE:NVR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in NVR, Inc. (NYSE:NVR) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,302 shares of the construction company’s stock after selling 20 shares during the period. Federated Hermes Inc. owned approximately 0.07% of NVR worth $16,115,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NVR. Mraz Amerine & Associates Inc. grew its stake in shares of NVR by 1.5% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 462 shares of the construction company’s stock valued at $3,234,000 after buying an additional 7 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NVR during the fourth quarter valued at approximately $35,000. Daiwa Securities Group Inc. lifted its position in shares of NVR by 5.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 291 shares of the construction company’s stock worth $2,037,000 after purchasing an additional 15 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of NVR by 28.4% in the fourth quarter. Vontobel Holding Ltd. now owns 131 shares of the construction company’s stock valued at $917,000 after purchasing an additional 29 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in NVR during the 4th quarter valued at $980,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the transaction, the chief financial officer now owns 13,209 shares in the company, valued at $95,802,631.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the sale, the chairman now owns 106,860 shares in the company, valued at $813,314,665.80. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock valued at $59,155,947 over the last quarter. Insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $7,806.79 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The firm’s 50-day simple moving average is $7,717.27 and its 200-day simple moving average is $6,942.69. The firm has a market cap of $24.98 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned $133.44 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. Equities analysts forecast that NVR, Inc. will post 499.45 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

About NVR

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.