Federated Hermes Inc. Sells 371 Shares of NVR, Inc. $NVR

Federated Hermes Inc. lowered its stake in NVR, Inc. (NYSE:NVR) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,362 shares of the construction company’s stock after selling 371 shares during the period. Federated Hermes Inc. owned 0.12% of NVR worth $24,831,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the period. LPL Financial LLC lifted its stake in shares of NVR by 0.8% during the first quarter. LPL Financial LLC now owns 483 shares of the construction company’s stock valued at $3,495,000 after acquiring an additional 4 shares during the period. National Bank of Canada FI boosted its holdings in NVR by 6.2% in the first quarter. National Bank of Canada FI now owns 2,299 shares of the construction company’s stock valued at $16,655,000 after acquiring an additional 134 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in NVR in the first quarter valued at about $43,000. Finally, Townsquare Capital LLC increased its position in NVR by 81.1% in the first quarter. Townsquare Capital LLC now owns 67 shares of the construction company’s stock worth $485,000 after purchasing an additional 30 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 1.8%

Shares of NYSE:NVR opened at $7,305.25 on Wednesday. The company has a 50 day moving average price of $7,489.42 and a two-hundred day moving average price of $7,647.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. The company has a market capitalization of $20.75 billion, a PE ratio of 16.03, a PEG ratio of 10.02 and a beta of 1.01. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,068.15.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the business earned $130.50 EPS. The firm’s revenue was down 4.5% on a year-over-year basis. Analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of research reports. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. UBS Group boosted their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, Bank of America dropped their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8,530.50.

Insider Activity

In other NVR news, Director Michael J. Devito purchased 14 shares of the stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the acquisition, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

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.