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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

NYSE

Website

www.nvrinc.com

CEO

Paul Saville

Incorporated

Virginia

Location

Virginia

Fiscal year end

Dec 31

Sector

Construction > New Single-Family Housing Construction (except For-Sale Builders)

Industry (SIC)

Operative Builders

PulteGroup • D.R. Horton • Toll Brothers • KB Home • Taylor Morrison Home • M.D.C. • Beazer Homes USA • Hovnanian Enterprises • Meritage Homes • Dream Finders Homes ...

SEC CIK

0000906163

Corporate docs

Articles of Incorporation & Bylaws

IRS number

541394360

NVR stock data

S&P 500

1M 1Y 2Y 5Y

News

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NVR Q2 Result Smashes Estimates

21 Jul 21

NVR Inc (NYSE: NVR) reported second-quarter FY21 revenue growth of 41% year-on-year to $2.28 billion, beating the analyst consensus of $2.19 billion.

NVR Q2 EPS $82.45 Beats $72.53 Estimate

21 Jul 21

NVR (NYSE:NVR) reported quarterly earnings of $82.45 per share which beat the analyst consensus estimate of $72.53 by 13.68 percent. This is a 94 percent increase over earnings of $42.50 per share from the same period

Stocks That Hit 52-Week Highs On Monday

10 May 21

This morning 792 companies reached new 52-week highs.

Stocks That Hit 52-Week Highs On Friday

7 May 21

Stocks That Hit 52-Week Highs On Thursday

29 Apr 21

Press releases

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NVR, Inc. Announces Share Repurchase

5 May 21

RESTON, Va., May 5, 2021 /PRNewswire/ -- NVR, Inc. (NYSE:NVR) announced today that its Board of Directors has authorized the repurchase of $500 million of its outstanding common stock. The purchases will occur from time

Calendar

4 May 21

28 Jul 21

31 Dec 21

Financial summary

Financial statements Chart NVR financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
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.

Recent insider trades

NVR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Jul 21	Andrews Charles Elliott	NVR, Inc. common stock	Gift	Dispose G	No	No	0	60	0	921
10 May 21	Paul C Saville	NVR, Inc. common stock	Sell	Dispose S	No	No	5245.17	1,460	7.66M	108,400
7 May 21	Paul C Saville	NVR, Inc. common stock	Sell	Dispose S	No	No	5203.36	2,000	10.41M	109,860
11 Mar 21	Malzahn Daniel David	Employee stock option Common stock	Grant	Aquire A	No	No	3022.99	8,200	24.79M	16,400
11 Mar 21	Andrews Charles Elliott	Stock option Common stock	Grant	Aquire A	No	No	3022.99	500	1.51M	1,000
11 Mar 21	Preiser David A	Stock option Common stock	Grant	Aquire A	No	No	3022.99	500	1.51M	1,000

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

NVR institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	492	484	+1.7%
Opened positions	57	68	-16.2%
Closed positions	49	46	+6.5%
Increased positions	154	174	-11.5%
Reduced positions	194	159	+22.0%

13F shares	Current	Prev Q	Change
Total value	14.21B	15.52B	-8.4%
Total shares	2.96M	3.06M	-3.5%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Vanguard	372.57K	$1.76B	-1.9%
BLK Blackrock	295.67K	$1.39B	+1.1%
Wellington Management	174.88K	$823.86M	+5.0%
Capital International Investors	172.89K	$814.47M	NEW
STT State Street	153.11K	$721.28M	-2.2%
Diamond Hill Capital Management	114.31K	$538.5M	+7.0%
Capital Research Global Investors	113.4K	$534.23M	+7.1%
FMR	98.3K	$463.1M	-19.7%
PFG Principal Financial Group Inc - Registered Shares	84K	$395.72M	+3.1%
Capital World Investors	65.26K	$307.42M	+23.5%

Largest transactions	Shares	Bought/sold	Change
Capital International Investors	172.89K	+172.89K	NEW
Norges Bank	0	-36.98K	EXIT
Egerton Capital	23.53K	-32.75K	-58.2%
Loomis Sayles & Co L P	3	-24.97K	-100.0%
FMR	98.3K	-24.05K	-19.7%
California Public Employees Retirement System	7.79K	-20.44K	-72.4%
Millennium Management	3.07K	-16.16K	-84.0%
Capital World Investors	65.26K	+12.42K	+23.5%
JPM JPMorgan Chase & Co.	6.74K	-11.42K	-62.9%
Panagora Asset Management	2.3K	-10.94K	-82.7%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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 2020 and 2019 items and year-to-year comparisons between 2020 and 2019. Discussions of 2018 items and year-to-year comparisons between 2019 and 2018 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, 2019.
The pandemic, caused by the novel strain of coronavirus ("COVID-19"), has had a significant impact on all facets of our business. Our primary focus as we face this challenge is to do everything we can to ensure the safety and well-being of our employees, customers and trade partners. Residential construction has been deemed an essential business in each of our markets since the beginning of the pandemic, except Pennsylvania and New York, where we faced closures into May 2020. In each of our markets, we continue to operate in accordance with the guidelines issued by the Centers for Disease Control and Prevention as well as state and local guidelines, which has resulted in significant changes to the way we conduct business.
We experienced elevated sales cancellations and decreased new orders during March and April; however, the demand for new homes began to strengthen in May and remained strong through December. Despite high unemployment rates attributable to the COVID-19 pandemic, demand has increased primarily as a result of historically low mortgage interest rates coupled with low resale inventory levels.

Content analysis

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From filing 10-Q 2021 Q1