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NVR (NVR)

NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-three metropolitan areas in fourteen states and Washington, D.C.

Company profile

Ticker
NVR
Exchange
Website
CEO
Paul Saville
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
NVR Mortgage Finance, Inc. • NVR Settlement Services, Inc. • RVN, Inc. • NVR Services, Inc. • NVR Funding II, Inc. ...
IRS number
541394360

NVR stock data

Analyst ratings and price targets

Last 3 months

Calendar

3 Aug 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 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
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.56B 1.56B 1.56B 1.56B 1.56B 1.56B
Cash burn (monthly) 221.04M 91.74M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 364.11M 151.12M n/a n/a n/a n/a
Cash remaining 1.2B 1.41B n/a n/a n/a n/a
Runway (months of cash) 5.4 15.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Malzahn Daniel David NVR, Inc. common stock Sell Dispose S No No 4406.01 581 2.56M 4,058
15 Aug 22 Malzahn Daniel David NVR, Inc. common stock Option exercise Acquire M No No 1019.74 1,003 1.02M 4,639
15 Aug 22 Malzahn Daniel David Employee stock option Common stock Option exercise Dispose M No No 1019.74 1,003 1.02M 8,444
11 Aug 22 Malzahn Daniel David NVR, Inc. common stock Sell Dispose S No No 4436.73 439 1.95M 3,636
11 Aug 22 Malzahn Daniel David NVR, Inc. common stock Option exercise Acquire M No No 1019.74 760 775K 4,075
11 Aug 22 Malzahn Daniel David Employee stock option Common stock Option exercise Dispose M No No 1019.74 760 775K 9,447
10 Aug 22 Bailey Sallie B NVR, Inc. common stock Buy Acquire P No No 4365.45 25 109.14K 100
3 Aug 22 Eugene James Bredow NVR, Inc. common stock Option exercise Acquire M No No 1094.22 200 218.84K 1,451
3 Aug 22 Eugene James Bredow Employee stock option Common stock Option exercise Dispose M No No 1094.22 200 218.84K 11,700
1 Aug 22 Malzahn Daniel David NVR, Inc. common stock Sell Dispose S No No 4436.88 1,155 5.12M 3,315
81.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 497 532 -6.6%
Opened positions 42 62 -32.3%
Closed positions 77 80 -3.8%
Increased positions 174 189 -7.9%
Reduced positions 186 186
13F shares Current Prev Q Change
Total value 10.83B 12.22B -11.4%
Total shares 2.66M 2.77M -3.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Vanguard 341.55K $1.37B -1.3%
BLK Blackrock 248.1K $993.42M -7.4%
STT State Street 131.29K $525.7M -8.2%
Diamond Hill Capital Management 127.08K $508.83M +2.0%
Capital International Investors 118.01K $472.53M +4.7%
Capital Research Global Investors 106.7K $427.23M +0.0%
Wellington Management 106.53K $426.55M +0.8%
PFG Principal Financial Group Inc - Registered Shares 85.05K $340.57M -0.1%
Geode Capital Management 65.62K $262.32M -3.2%
Capital World Investors 65.2K $261.05M 0.0%
Largest transactions Shares Bought/sold Change
LGEN Legal & General 0 -25.42K EXIT
BLK Blackrock 248.1K -19.88K -7.4%
FMR 37.8K -16.63K -30.5%
J.W. Cole Advisors 0 -13.4K EXIT
STT State Street 131.29K -11.77K -8.2%
Citadel Advisors 4.05K -11.69K -74.3%
River Road Asset Management 13.38K +11.26K +531.4%
Marshfield Associates 23.6K +8.58K +57.1%
Broad Run Investment Management 6.49K -8.11K -55.5%
Veredus Asset Management 0 -7.72K 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.
  • We face competition in our homebuilding and mortgage banking operations.
  • Our inability to secure and control an adequate inventory of lots could adversely impact our 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.
  • 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.
  • 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.
  • 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.
  • Weather-related and other events beyond our control may adversely impact our operations.
Management Discussion
  • This section of this Form 10-K generally discusses 2021 and 2020 items and year-to-year comparisons between 2021 and 2020. Discussions of 2019 items and year-to-year comparisons between 2020 and 2019 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 our Annual Report on Form 10-K for the fiscal year ended December 31, 2020.
  • Demand for new homes remained strong across each of our markets throughout 2021, driven by historically low mortgage rates and limited housing supply. As a result, we were able to consistently increase prices throughout the year, allowing us to improve profitability despite rising lumber and other material costs and labor costs. Additionally, strong housing demand has resulted in increased construction activity and demand for building materials and contractor labor, which, coupled with the ongoing effects of the COVID-19 pandemic, has led to supply chain disruptions and longer construction cycle times. We expect to continue to face these disruptions well into 2022 and continue to work closely with our suppliers and trade partners to manage these disruptions.
  • Although current demand for new homes is strong, there is uncertainty regarding the extent and timing of the supply chain disruption and the effects of the ongoing pandemic and related economic relief efforts on the U.S. economy, inflation, unemployment, consumer confidence, demand for new homes and home affordability. We expect to continue to face cost pressures related to building materials, particularly lumber, as well as labor and land costs. As a result, profit margins will be impacted based on our ability to manage these costs while balancing sales pace and pricing. Although we are unable to predict the extent to which this will impact our operational and financial performance, we believe that we are well positioned to take advantage of opportunities that may arise from future economic and homebuilding market volatility due to the strength of our balance sheet.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Removed: disclose, economy, expand, favorable, housing, March, relief, uncertainty