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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
IRS number
541394360

NVR stock data

(
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Calendar

12 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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.

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

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 Prev Q Change
Total holders 483 462 +4.5%
Opened positions 67 58 +15.5%
Closed positions 46 37 +24.3%
Increased positions 174 134 +29.9%
Reduced positions 159 188 -15.4%
13F shares
Current Prev Q Change
Total value 15.54B 15.69B -1.0%
Total shares 3.06M 3.05M +0.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 379.7K $1.55B -1.5%
BLK Blackrock 292.48K $1.19B -2.4%
Wellington Management 166.48K $679.2M -1.5%
STT State Street 156.59K $638.85M -6.0%
FMR 122.35K $499.17M -20.6%
Diamond Hill Capital Management 106.8K $435.74M +8.8%
Capital Research Global Investors 105.87K $431.94M +0.0%
PFG Principal Financial Group Inc - Registered Shares 81.44K $332.26M -1.1%
Geode Capital Management 70.53K $287.4M +1.4%
Egerton Capital 56.28K $229.61M +189.4%
Largest transactions
Shares Bought/sold Change
Capital World Investors 52.84K -63.85K -54.7%
Norges Bank 36.98K +36.98K NEW
Egerton Capital 56.28K +36.83K +189.4%
FMR 122.35K -31.65K -20.6%
TROW T. Rowe Price 30.34K +16.55K +120.0%
Citadel Advisors 15.27K +11.97K +362.9%
Tikehau Investment Management 12.17K +11.81K +3279.2%
STT State Street 156.59K -10.04K -6.0%
Teacher Retirement System Of Texas 15.69K +8.86K +129.7%
Diamond Hill Capital Management 106.8K +8.61K +8.8%

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 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.
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