NVR, Inc. Buyback
OLI recorded this information on 2/14/2024
Company:
NVR, Inc.
Buyback:
NVR buyback
$Amount Authorized:
$750,000,000
Buyback Details:
NVR, Inc. (NYSE: NVR) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. 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 February 12, 2024, NVR had 3,186,147 total shares of common stock outstanding.
NVR is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings, all of which are constructed on a pre-sold basis. Co. conducts its homebuilding activities directly. Co.'s homebuilding operations construct and sell single-family detached homes, townhomes and condominium buildings under three trade names: Ryan Homes, which is marketed primarily to first-time and first-time move-up buyers; and NVHomes and Heartland Homes, which are marketed primarily to move-up and luxury buyers. Co.'s mortgage banking operations also include separate subsidiaries that broker title insurance and perform title searches in connection with mortgage loan closings.
NVR SEC Filing Email Alerts Service
Open the NVR Page at The Online Investor »
|
||||||||||||||||||||||||
Open the NVR Page at The Online Investor (in a new window) »
 Free NVR Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
  
|
Buy (2.80 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Analysts' Target Price: NVR Stock Forecast Based on Zacks ABR data; powered by Xignite |
