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NVR, Inc. : Announces Share Repurchase marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Share this article RESTON, Va., Dec. 14, 2020 /PRNewswire/ NVR, Inc. (NYSE: NVR) announced today that its Board of Directors has authorized the repurchase of $300 million of its outstanding common stock. 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 December 11, 2020, NVR had 3,697,774 total shares of common stock outstanding. ....