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Chicago Rivet & Machine (CVR)

Chicago Rivet & Machine Co. engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners, Assembly Equipment, and Other. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products. The Assembly Equipment segment consists of automatic rivet setting machines, and parts and tools for such machines. The company was founded in 1920 and is headquartered in Naperville, IL.

Company profile

Ticker
CVR
Exchange
CEO
Walter W. Morrissey
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
360904920

CVR stock data

Calendar

6 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
16.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 10 18 -44.4%
Opened positions 2 2
Closed positions 10 2 +400.0%
Increased positions 1 2 -50.0%
Reduced positions 2 4 -50.0%
13F shares Current Prev Q Change
Total value 4.28M 5.88M -27.2%
Total shares 163.02K 218.94K -25.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Dimensional Fund Advisors 68.63K $1.8M -4.7%
Renaissance Technologies 53.11K $1.4M -4.0%
HighTower Advisors 25.2K $662K 0.0%
American Assets Investment Management 9.75K $256K NEW
LSV Asset Management 3.6K $95K 0.0%
Larson Financial 1.57K $41K 0.0%
BAC Bank Of America 901 $24K +0.1%
PNC PNC Financial Services 135 $4K 0.0%
BLK Blackrock 126 $3K 0.0%
Sargent Bickham Lagudis 2 $0 NEW
Largest transactions Shares Bought/sold Change
MS Morgan Stanley 0 -28.24K EXIT
Vanguard 0 -14.85K EXIT
Bridgeway Capital Management 0 -10K EXIT
American Assets Investment Management 9.75K +9.75K NEW
Dimensional Fund Advisors 68.63K -3.42K -4.7%
Cannell Capital 0 -3.27K EXIT
RY Royal Bank Of Canada 0 -2.4K EXIT
Renaissance Technologies 53.11K -2.2K -4.0%
UBS UBS Group AG - Registered Shares 0 -551 EXIT
Allworth Financial 0 -300 EXIT

Financial report summary

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Management Discussion
  • Financial results for the first three quarters of 2021 improved dramatically over the same period in 2020 which was adversely impacted by the global COVID-19 pandemic.  Although the pandemic continued to present many challenges in 2021, as of September 30, 2021, sales had increased $6,899,836, or 35.7%, compared to the same period in 2020.  Ongoing supply chain disruptions weighed heavily on demand from our automotive sector customers during the fourth quarter even as overall economic activity improved.  As a result, sales in the fourth quarter of 2021 were limited to $7,749,488 compared to $8,265,419 a year earlier, a decline of $515,931, or 6.2%.  The combination of lower sales and higher costs in the quarter resulted in a reduction in fourth quarter net income compared to a year earlier.  Net income was $81,178, or $0.08 per share, in the fourth quarter of 2021 compared to $464,263, or $0.48 per share, for the fourth quarter of 2020.  For the full year 2021, net sales were $33,974,558 compared to $27,590,653 in 2020, an increase of $6,383,905, or 23.1%.  Net sales in 2021 reflect an increase of $1,101,556, or 3.4%, compared to the $32,873,002 reported in 2019.  Full year net income in 2021 was $1,113,472, or $1.15 per share, compared to $50,450, or $0.05 per share, in 2020 and net income of $538,314, or $0.56 per share, in 2019. 

Content analysis

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Positive
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Uncertain
Constraining
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Readability
H.S. freshman Avg
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