Federated Hermes Inc. Cuts Stock Holdings in NVR, Inc. $NVR

Federated Hermes Inc. decreased its position in NVR, Inc. (NYSE:NVR) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,290 shares of the construction company’s stock after selling 72 shares during the quarter. Federated Hermes Inc. owned approximately 0.11% of NVR worth $26,434,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in NVR by 4.2% in the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock valued at $369,000 after buying an additional 2 shares during the last quarter. Evergreen Wealth Management LLC grew its holdings in shares of NVR by 1.9% in the second quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock valued at $801,000 after acquiring an additional 2 shares in the last quarter. Assetmark Inc. increased its position in shares of NVR by 50.0% during the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in NVR by 25.0% during the second quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock worth $74,000 after acquiring an additional 2 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in NVR by 5.9% in the second quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company’s stock worth $276,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday. BTIG Research began coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. UBS Group reiterated a “neutral” rating and issued a $8,350.00 target price on shares of NVR in a research note on Thursday. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8,329.40.

Insider Activity at NVR

In related news, Director Michael J. Devito acquired 14 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.00% of the company’s stock.

NVR Trading Up 0.3%

NVR stock opened at $7,644.48 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.16 and a current ratio of 6.21. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28. The stock has a market cap of $21.71 billion, a P/E ratio of 17.48, a PEG ratio of 2.54 and a beta of 1.01. The firm’s fifty day moving average price is $7,490.93 and its 200-day moving average price is $7,690.50.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping the consensus estimate of $105.42 by $16.12. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $139.93 earnings per share. Equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR 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.