NVR NVR
NVR, Inc. engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and Mortgage Banking. The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes. The Mortgage Banking segment focuses on serving the needs of the company's homebuyers. The company was founded in 1980 and is headquartered in Reston, VA.
Company profile
Ticker
NVR
Exchange
Website
CEO
Paul Saville
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
541394360
NVR stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For April 16, 2021
16 Apr 21
Wells Fargo Initiates Coverage On NVR with Equal-Weight Rating, Announces Price Target of $5000
16 Apr 21
Stocks That Hit 52-Week Highs On Monday
12 Apr 21
Stocks That Hit 52-Week Highs On Wednesday
7 Apr 21
Stocks That Hit 52-Week Highs On Tuesday
6 Apr 21
Calendar
12 Feb 21
17 Apr 21
31 Dec 21
Financial summary
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Financial data from NVR earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 11 Mar 21 | Dwight C Schar | Stock option Common stock | Grant | Aquire A | No | No | 3022.99 | 12,500 | 37.79M | 25,000 |
| 11 Mar 21 | William A Moran | Stock option Common stock | Grant | Aquire A | No | No | 3022.99 | 500 | 1.51M | 1,000 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
83.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 483 |
| Opened positions | 67 |
| Closed positions | 46 |
| Increased positions | 174 |
| Reduced positions | 159 |
13F shares |
Current |
|---|---|
| Total value | 15.54B |
| Total shares | 3.06M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 379.7K | $1.55B |
| BLK Blackrock | 292.48K | $1.19B |
| Wellington Management | 166.48K | $679.2M |
| STT State Street | 156.59K | $638.85M |
| FMR | 122.35K | $499.17M |
| Diamond Hill Capital Management | 106.8K | $435.74M |
| Capital Research Global Investors | 105.87K | $431.94M |
| PFG Principal Financial Group Inc - Registered Shares | 81.44K | $332.26M |
| Geode Capital Management | 70.53K | $287.4M |
| Egerton Capital | 56.28K | $229.61M |
Financial report summary
?Competition
Comstock HoldingRisks
- 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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New words:
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Removed:
applied, binding, Controller, country, eliminating, excluding, FASB, good, grandfathering, intangible, Jeffrey, joining, June, Martchek, modest, modified, occupied, original, Planning, prepay, presenting, President, prospectively, registration, remeasurement, shelf, simplify, step, stoppage, transition, Treasurer, Vice, written
Financial reports
10-K
2020 FY
Annual report
12 Feb 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
3 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
19 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
13 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
Current reports
8-K
NVR, Inc. Announces Fourth Quarter and Full Year Results
28 Jan 21
8-K
NVR, Inc. Announces Third Quarter Results
20 Oct 20
8-K
Entry into a Material Definitive Agreement
17 Sep 20
8-K
Entry into a Material Definitive Agreement
9 Sep 20
8-K
NVR, Inc. Announces Second Quarter Results
22 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
6 May 20
8-K
Entry into a Material Definitive Agreement
4 May 20
8-K
NVR, Inc. Announces First Quarter Results
23 Apr 20
8-K
NVR, Inc. Appoints New Member to Board of Directors
26 Feb 20
8-K
NVR, Inc. Announces Fourth Quarter and Full Year Results
28 Jan 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
16 Sep 20
FWP
Free writing prospectus
15 Sep 20
424B5
Prospectus supplement for primary offering
15 Sep 20
424B5
Prospectus supplement for primary offering
4 Sep 20
FWP
Free writing prospectus
3 Sep 20
424B5
Prospectus supplement for primary offering
3 Sep 20
424B5
Prospectus supplement for primary offering
4 May 20
FWP
Free writing prospectus
30 Apr 20
424B5
Prospectus supplement for primary offering
30 Apr 20
S-3ASR
Automatic shelf registration
30 Apr 20
Proxies
DEF 14A
Definitive proxy
17 Mar 21
DEF 14A
Definitive proxy
18 Mar 20
DEF 14A
Definitive proxy
15 Mar 19
DEF 14A
Definitive proxy
19 Mar 18
DEF 14A
Definitive proxy
30 Mar 17
DEF 14A
Definitive proxy
31 Mar 16
PX14A6G
Letter to shareholders
21 Apr 15
DEF 14A
Definitive proxy
23 Mar 15
DEF 14A
Definitive proxy
24 Mar 14
DEF 14A
Definitive proxy
24 Mar 13
Other
NO ACT
No action letter
24 Mar 16
NO ACT
No action letter
11 Feb 16
UPLOAD
Letter from SEC
21 Apr 14
CORRESP
Correspondence with SEC
15 Apr 14
UPLOAD
Letter from SEC
7 Apr 14
UPLOAD
Letter from SEC
15 May 13
CORRESP
Correspondence with SEC
9 May 13
UPLOAD
Letter from SEC
1 May 13
UPLOAD
Letter from SEC
5 Jun 11
CORRESP
Correspondence with SEC
31 May 11
Ownership
4
NVR / PAUL C SAVILLE ownership change
12 Mar 21
4
NVR / Matthew B. Kelpy ownership change
12 Mar 21
4
NVR / Melquiades R. Martinez ownership change
12 Mar 21
4
NVR / Susan Williamson Ross ownership change
12 Mar 21
4
NVR / MANUEL H JOHNSON ownership change
12 Mar 21
4
NVR / Eugene James Bredow ownership change
12 Mar 21
4
NVR / WILLIAM GRADY ROSIER ownership change
12 Mar 21
4
NVR / THOMAS D ECKERT ownership change
12 Mar 21
4
NVR / ALFRED E FESTA ownership change
12 Mar 21
4
NVR / DWIGHT C SCHAR ownership change
12 Mar 21
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