RESTON,
Va., Feb. 14, 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 February 12, 2024, NVR had 3,186,147 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
fifteen 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.
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SOURCE NVR, INC.