- NVR Inc’s (NYSE: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.
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