NVR, Inc. Announces $750 Million Stock Buyback

Published 52 minutes agoNVR

NVR, Inc. Announces $750 Million Stock Buyback

NVR, Inc. has announced a significant step to enhance shareholder value by authorizing a $750 million stock repurchase program. The company’s Board of Directors approved the buyback of up to $750 million in outstanding common stock, continuing NVR's long-standing commitment to this initiative, which first began in 1994. According to PRNewswire, stock purchases will be conducted in the open market and through privately negotiated transactions, subject to market conditions.

NVR has specified conditions under which these stock repurchases will take place, excluding purchases from the company’s officers, directors, or associated employee trusts. As reported, NVR had 3,039,944 shares of common stock outstanding as of December 10, 2024. This move keeps up with NVR's historical focus on shareholder returns through disciplined financial strategies.

NVR's current stock price is $7,024.48, reflecting a slight decrease of $51.93 from the previous day’s close. The stock's intraday trading has seen a high of $7,122.25 and a low of $7,000.21, with the latest trade occurring on Tuesday. This repurchase program signals the company’s ongoing strategy to leverage available capital effectively for the benefit of its shareholders.

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NVR, Inc. Announces $750 Million Stock Buyback

NVR, Inc. Announces $750 Million Stock Buyback

52 minutes agoNVR

NVR, Inc. has announced a significant step to enhance shareholder value by authorizing a $750 million stock repurchase program. The company’s Board of Directors approved the buyback of up to $750 million in outstanding common stock, continuing NVR's long-standing commitment to this initiative, which first began in 1994. According to PRNewswire, stock purchases will be conducted in the open market and through privately negotiated transactions, subject to market conditions. NVR has specified conditions under which these stock repurchases will take place, excluding purchases from the company’s officers, directors, or associated employee trusts. As reported, NVR had 3,039,944 shares of common stock outstanding as of December 10, 2024. This move keeps up with NVR's historical focus on shareholder returns through disciplined financial strategies. NVR's current stock price is $7,024.48, reflecting a slight decrease of $51.93 from the previous day’s close. The stock's intraday trading has seen a high of $7,122.25 and a low of $7,000.21, with the latest trade occurring on Tuesday. This repurchase program signals the company’s ongoing strategy to leverage available capital effectively for the benefit of its shareholders.