Federated Hermes Inc. Purchases 438 Shares of NVR, Inc. (NYSE:NVR)

Federated Hermes Inc. grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 13.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,585 shares of the construction company's stock after acquiring an additional 438 shares during the period. Federated Hermes Inc. owned about 0.12% of NVR worth $29,321,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. National Bank of Canada FI increased its position in NVR by 80.4% in the third quarter. National Bank of Canada FI now owns 1,573 shares of the construction company's stock worth $15,434,000 after buying an additional 701 shares during the last quarter. MML Investors Services LLC increased its holdings in NVR by 2.1% in the 3rd quarter. MML Investors Services LLC now owns 242 shares of the construction company's stock worth $2,374,000 after acquiring an additional 5 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in NVR by 1.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,315 shares of the construction company's stock valued at $12,903,000 after acquiring an additional 13 shares during the period. Conway Capital Management Inc. purchased a new stake in NVR during the third quarter valued at about $599,000. Finally, Vestcor Inc lifted its holdings in NVR by 2.0% during the third quarter. Vestcor Inc now owns 208 shares of the construction company's stock valued at $2,041,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR stock traded up $14.25 during trading hours on Monday, reaching $7,217.55. The stock had a trading volume of 3,020 shares, compared to its average volume of 27,351. The stock's fifty day simple moving average is $7,262.85 and its 200 day simple moving average is $8,292.37. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $21.43 billion, a PE ratio of 14.22, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77.

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NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NVR shares. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9,356.67.

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.