Federated Hermes Inc. Lowers Stake in NVR, Inc. $NVR

Federated Hermes Inc. cut its stake in NVR, Inc. (NYSE:NVR) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,290 shares of the construction company’s stock after selling 72 shares during the period. Federated Hermes Inc.’s holdings in NVR were worth $26,434,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NVR. Blue Trust Inc. boosted its holdings in shares of NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after purchasing an additional 3 shares in the last quarter. Assetmark Inc. lifted its position in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after buying an additional 2 shares during the last quarter. State of Wyoming purchased a new stake in NVR in the second quarter worth approximately $44,000. CYBER HORNET ETFs LLC purchased a new stake in NVR in the second quarter worth approximately $59,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of NVR during the second quarter worth approximately $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $7,644.48 on Friday. The company’s fifty day simple moving average is $7,490.93 and its two-hundred day simple moving average is $7,690.50. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The firm has a market cap of $21.71 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The company has a quick ratio of 3.16, a current ratio of 6.21 and a debt-to-equity ratio of 0.24.

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

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito bought 14 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average price 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 in the company, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NVR shares. BTIG Research initiated coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Bank of America lowered their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. 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 report on Thursday. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group reissued a “neutral” rating and issued a $8,350.00 target price on shares of NVR in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8,329.40.

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.