NVR, INC. ANNOUNCES SHARE REPURCHASE AUTHORIZATION
NVR Inc (NYSE: NVR) announced a new $750 million share repurchase authorization approved by its Board of Directors. This continuation of the stock repurchase program, which began in 1994, has no expiration date and will be executed through open market and private transactions based on market conditions. The authorization prohibits purchasing shares from company officers, directors, and specific trust funds. As of December 10, 2024, NVR had 3,039,944 total shares outstanding. NVR operates in homebuilding and mortgage banking segments, with homebuilding operations across 36 metropolitan areas in 16 states and Washington, D.C.
NVR Inc (NYSE: NVR) ha annunciato una nuova autorizzazione per il riacquisto di azioni di 750 milioni di dollari approvata dal proprio Consiglio di Amministrazione. Questa continuazione del programma di riacquisto delle azioni, iniziato nel 1994, non ha una data di scadenza e verr脿 eseguita attraverso operazioni di mercato aperto e transazioni private in base alle condizioni di mercato. L'autorizzazione vieta l'acquisto di azioni da membri della dirigenza, da amministratori e da specifici fondi fiduciari. Al 10 dicembre 2024, NVR aveva 3.039.944 azioni totali in circolazione. NVR opera nei settori della costruzione di abitazioni e della banca ipotecaria, con operazioni di costruzione di abitazioni in 36 aree metropolitane in 16 stati e Washington, D.C.
NVR Inc (NYSE: NVR) anunci贸 una nueva autorizaci贸n de recompra de acciones por 750 millones de d贸lares aprobada por su Junta Directiva. Esta continuaci贸n del programa de recompra de acciones, que comenz贸 en 1994, no tiene fecha de vencimiento y se ejecutar谩 a trav茅s de transacciones en el mercado abierto y privadas seg煤n las condiciones del mercado. La autorizaci贸n proh铆be la compra de acciones a los funcionarios de la empresa, directores y ciertos fondos fiduciarios. A partir del 10 de diciembre de 2024, NVR ten铆a 3,039,944 acciones en circulaci贸n. NVR opera en los segmentos de construcci贸n de viviendas y banca hipotecaria, con operaciones de construcci贸n de viviendas en 36 谩reas metropolitanas en 16 estados y Washington, D.C.
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NVR Inc (NYSE: NVR) a annonc茅 une nouvelle autorisation de rachat d'actions de 750 millions de dollars approuv茅e par son Conseil d'administration. Cette poursuite du programme de rachat d'actions, qui a commenc茅 en 1994, n'a pas de date d'expiration et sera ex茅cut茅e par le biais de transactions sur le march茅 ouvert et priv茅es selon les conditions du march茅. L'autorisation interdit l'achat d'actions aupr猫s des dirigeants, des administrateurs et de certains fonds fiduciaires de l'entreprise. Au 10 d茅cembre 2024, NVR comptait 3 039 944 actions en circulation. NVR op猫re dans les secteurs de la construction de logements et de la banque hypoth茅caire, avec des op茅rations de construction de logements dans 36 zones m茅tropolitaines dans 16 脡tats et Washington, D.C.
NVR Inc (NYSE: NVR) gab bekannt, dass der Vorstand eine neue Aktienr眉ckkaufgenehmigung 眉ber 750 Millionen Dollar verabschiedet hat. Diese Fortsetzung des Aktienr眉ckkaufprogramms, das 1994 begann, hat kein Ablaufdatum und wird basierend auf den Marktbedingungen 眉ber den offenen Markt und private Transaktionen durchgef眉hrt. Die Genehmigung verbietet den Kauf von Aktien von Unternehmensleitern, Direktoren und bestimmten Treuh盲nder. Zum 10. Dezember 2024 hatte NVR 3.039.944 ausgegebene Aktien. NVR ist in den Bereichen Wohnungsbau und Hypothekenbank t盲tig und f眉hrt Wohnungsbauprojekte in 36 Ballungsr盲umen in 16 Bundesstaaten sowie Washington, D.C. durch.
- Authorization of $750 million share repurchase program
- No expiration date on the repurchase authorization provides flexibility
- Continuation of long-running program demonstrates consistent shareholder value focus
- Relatively small float of ~3 million shares suggests significant potential impact on share price
- Large cash commitment could limit funds available for operational growth
- Market-dependent execution may affect repurchase timing and effectiveness
Insights
The
The open-ended nature of the authorization provides management with flexibility to execute purchases opportunistically, particularly valuable given the cyclical nature of the housing market. The company's ability to maintain its buyback program through various market cycles reflects its robust cash flow generation and disciplined capital allocation strategy, setting it apart from peers in the homebuilding sector.
This buyback authorization comes at a strategic time when homebuilder stocks have shown resilience despite high interest rates, suggesting management's confidence in NVR's valuation and future prospects. The company's land-light business model, which reduces capital intensity and market risk, enables consistent share repurchases even during housing market fluctuations. The prohibition on purchasing shares from insiders enhances program credibility and aligns with best corporate governance practices.
With operations across 36 metropolitan areas, NVR's geographic diversification provides stability to support this capital return initiative. The company's sustained commitment to share repurchases has historically contributed to superior long-term shareholder returns compared to industry peers.
About NVR
NVR, Inc. operates in two business segments:聽 homebuilding and mortgage banking.聽 The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-six metropolitan areas in sixteen states and
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SOURCE NVR, INC.
FAQ
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