NVR, Inc. announced on December 11, 2024, that its Board of Directors authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. This authorization does not have an expiration date, allowing for flexibility in execution.
The company stated that purchases will occur periodically in the open market or through privately negotiated transactions, as market conditions permit. This action is a continuation of NVR's long-standing stock repurchase program, which commenced in 1994.
This program aligns with NVR's strategy of maximizing shareholder value by reducing the total number of shares outstanding. As of December 10, 2024, NVR had 3,039,944 total shares of common stock outstanding.
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