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

Key Points

• Federated Hermes Inc. increased its holdings in NVR, Inc. by 4.1%, now owning 3,733 shares worth approximately $27 million, according to its latest SEC filing.
• NVR reported an EPS of $108.54 for the last quarter, outperforming analysts' expectations and generating a revenue of $2.55 billion, although it reflected a 0.5% decrease compared to the same quarter last year.
• The company announced a $750 million stock buyback plan, which is typically an indication that the board believes the shares are undervalued.

Federated Hermes Inc. boosted its position in NVR, Inc. (NYSE:NVR - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,733 shares of the construction company's stock after acquiring an additional 148 shares during the period. Federated Hermes Inc. owned 0.13% of NVR worth $27,043,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NVR. JDM Financial Group LLC bought a new stake in shares of NVR in the 4th quarter worth $25,000. Olde Wealth Management LLC bought a new position in shares of NVR during the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR in the 1st quarter worth approximately $36,000. Ridgewood Investments LLC lifted its holdings in NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after acquiring an additional 3 shares during the period. Finally, CX Institutional purchased a new position in NVR in the first quarter worth $43,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group boosted their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Up 2.8%

Shares of NYSE NVR traded up $211.18 on Friday, reaching $7,760.67. 15,030 shares of the company's stock traded hands, compared to its average volume of 18,184. The business's 50 day simple moving average is $7,402.55 and its two-hundred day simple moving average is $7,379.04. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 11.03 and a beta of 0.94. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating the consensus estimate of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The company's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $120.69 EPS. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a share buyback program on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

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.