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Benzinga

Business

Shivani Kumaresan

NVR Adopts $500M Stock Buyback Program

NVR NYSE

NVR Inc (NYSE:NVR) Board has authorized the repurchase of $500 million of its outstanding common stock.
The purchases will occur from time to time in the open market and/or in privately negotiated transactions.
NVR had 3.37 million total shares of common stock outstanding as of February 15, 2022.
NVR held $2.6 billion in cash and equivalents as of December 31, 2021.
Price Action: NVR shares closed higher by 1.00% at $5,113 on Wednesday.

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