NVR Board Approves $500M Stock Buyback

by Shivani Kumaresan, Benzinga Staff Writer

August 4, 2021 3:24 PM | 1 min read |

NVR Inc’s NVR Board of Directors has approved the repurchase of $500 million of its outstanding common stock.
The company indicated that the approval is a continuation of the stock repurchase program that began in 1994.
The approval prohibits the company from buying shares from its officers, directors, Profit Sharing/401(k) Plan Trust, or Employee Stock Ownership Plan Trust.
As of August 3, 2021, NVR had 3.56 million total shares of common stock outstanding.
Price action: NVR shares are trading lower by 0.56% at $5265.65 on the last check Wednesday.

Posted In:

News Buybacks Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.