Company profile

Ticker
NVR
Exchange
Website
CEO
Paul C. Saville
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
541394360

NVR stock data

(
)

Calendar

4 Nov 20
26 Jan 21
31 Dec 21

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from NVR earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
29 Dec 20 Ross Susan Williamson NVR, Inc. common stock Option exercise Aquire M No 1700 125 212.5K 280
29 Dec 20 Ross Susan Williamson Stock option Common stock Option exercise Dispose M No 1700 125 212.5K 2,233
29 Dec 20 William A Moran NVR, Inc. common stock Gift Aquire G No 0 825 0 825
29 Dec 20 William A Moran NVR, Inc. common stock Gift Dispose G No 0 825 0 24,122
29 Dec 20 William A Moran NVR, Inc. common stock Gift Aquire G No 0 620 0 620
29 Dec 20 William A Moran NVR, Inc. common stock Gift Dispose G No 0 620 0 24,532
21 Dec 20 Paul C Saville NVR, Inc. common stock Gift Dispose G No 0 910 0 111,860
16 Dec 20 William A Moran NVR, Inc. common stock Gift Dispose G No 0 300 0 24,947
15 Dec 20 William A Moran NVR, Inc. common stock Gift Aquire G No 0 825 0 825
15 Dec 20 William A Moran NVR, Inc. common stock Gift Dispose G No 0 825 0 25,247
81.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 461 441 +4.5%
Opened positions 58 68 -14.7%
Closed positions 38 61 -37.7%
Increased positions 132 125 +5.6%
Reduced positions 188 187 +0.5%
13F shares
Current Prev Q Change
Total value 15.93B 9.88B +61.2%
Total shares 3.05M 3.09M -1.3%
Total puts 145 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
Vanguard 385.64K $1.57B -3.2%
BLK Blackrock 299.75K $1.22B +1.3%
Wellington Management 169.05K $690.26M +44.7%
STT State Street 166.63K $680.35M +1.5%
FMR 154K $628.81M -6.8%
Capital World Investors 116.69K $476.46M +12.2%
Capital Research Global Investors 105.82K $432.09M +0.0%
Diamond Hill Capital Management 98.2K $400.95M -0.9%
PFG Principal Financial Group Inc - Registered Shares 82.36K $336.27M -1.2%
Geode Capital Management 69.58K $283.95M +11.7%
Largest transactions
Shares Bought/sold Change
Mitsubishi UFJ Trust & Banking 3.59K -56.37K -94.0%
Wellington Management 169.05K +52.2K +44.7%
Schroder Investment Management 41.81K +38.15K +1042.3%
Egerton Capital 19.45K +19.45K NEW
Vanguard 385.64K -12.75K -3.2%
Capital World Investors 116.69K +12.72K +12.2%
Renaissance Technologies 10.56K -12.66K -54.5%
FMR 154K -11.16K -6.8%
Falcon Edge Capital 9.11K -9.35K -50.7%
Merian Global Investors 0 -9.18K EXIT

Financial report summary

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Competition
Comstock Holding
Risks
  • An economic downturn or decline in economic conditions could adversely affect our business and our results of operations.
  • Interest rate movements, inflation and other economic factors can negatively impact our business.
  • Because almost all of our customers require mortgage financing, the availability of suitable mortgage financing could impair the affordability of our homes, lower demand for our products, and limit our ability to fully deliver our backlog.
  • If the market value of our inventory or controlled lot position declines, our profit could decrease and we may incur losses.
  • If the underwriting quality of our mortgage originations is found to be deficient, our profit could decrease and we may incur losses.
  • We may be subject to claims on mortgage loans sold to third parties.
  • Our inability to secure and control an adequate inventory of lots could adversely impact our operations.
  • Volatility in the credit and capital markets may impact our ability to access necessary financing.
  • Our current indebtedness may impact our future operations.
  • Government regulations and environmental matters could negatively affect our operations.
  • Increased regulation of the mortgage industry could harm our future sales and earnings.
  • We face competition in our homebuilding and mortgage banking operations.
  • A shortage of building materials or labor, or increases in materials or labor costs may adversely impact our operations.
  • We rely on subcontractors to construct our homes. The failure of our subcontractors to properly construct our homes may be costly.
  • Product liability litigation and warranty claims may adversely impact our operations.
  • We are subject to litigation proceedings that could harm our business if an unfavorable ruling were to occur.
  • The loss of key personnel could adversely impact our business.
  • Our failure to maintain the security of our electronic and other confidential information could expose us to liability and materially adversely affect our financial condition and results of operations.
  • Weather-related and other events beyond our control may adversely impact our operations.
Management Discussion
  • This section of this Form 10-K generally discusses 2019 and 2018 items and year-to-year comparisons between 2019 and 2018. Discussions of 2017 items and year-to-year comparisons between 2018 and 2017 that are not included in this Form 10-K can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018.
  • Our primary business is the construction and sale of single-family detached homes, townhomes and condominium buildings, all of which are primarily constructed on a pre-sold basis. To fully serve customers of our homebuilding operations, we also operate a mortgage banking and title services business. We primarily conduct our operations in mature markets. Additionally, we generally grow our business through market share gains in our existing markets and by expanding into markets contiguous to our current active markets. Our four homebuilding reportable segments consist of the following regions:
  • Our lot acquisition strategy is predicated upon avoiding the financial requirements and risks associated with direct land ownership and development. We generally do not engage in land development (see discussion below of our land development activities). Instead, we typically acquire finished lots at market prices from various third party land developers pursuant to Lot Purchase Agreements. These Lot Purchase Agreements require deposits, typically ranging up to 10% of the aggregate purchase price of the finished lots, in the form of cash or letters of credit that may be forfeited if we fail to perform under the Lot Purchase Agreement. This strategy has allowed us to maximize inventory turnover, which we believe enables us to minimize market risk and to operate with less capital, thereby enhancing rates of return on equity and total capital.
Content analysis ?
Positive
Negative
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: commodity, high, mentioned, stabilized
Removed: personnel