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NVR - NVR Board authorizes repurchase of $500mn of outstanding common stock
NVR Inc.
Homebuilder NVR (NYSE:NVR) has received authorization from its Board of Directors to repurchase $500 million of its outstanding common stock. NVR had 3,565,555 total shares of common stock outstanding as of August 3, 2021. The latest authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value.