RESTON,
Va., May 7, 2024 /PRNewswire/ -- NVR, Inc.
(NYSE: NVR) announced today that its Board of Directors has
authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The
repurchase authorization does not have an expiration date. The
purchases will occur from time to time in the open market and/or in
privately negotiated transactions as market conditions permit. The
Company indicated that the authorization is a continuation of the
stock repurchase program that began in 1994 and is consistent
with NVR's strategy of maximizing shareholder value.
Consistent with prior authorizations, this new authorization
prohibits the Company from purchasing shares from the Company's
officers, directors, Profit Sharing/401(k) Plan Trust or Employee
Stock Ownership Plan Trust. As of May
6, 2024, NVR had 3,133,092 total shares of common stock
outstanding.
About 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-six metropolitan areas in sixteen
states and Washington, D.C. For
more information about NVR, Inc. and its brands, see
www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and
www.heartlandluxuryhomes.com.
View original
content:https://www.prnewswire.com/news-releases/nvr-inc-announces-share-repurchase-authorization-302138666.html
SOURCE NVR, INC.
