NVR Authorizes Repurchase of Up to $750M of Common Stock
NVR announces that its board of directors has authorized the repurchase of up to an aggregate of $750M of its outstanding common stock. The repurchase authorization does not have an expiration date. 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."