NVR Sets New $300 Million Stock Buyback Program

NVR Inc. announced a new $300 million stock repurchase program. At current prices, the program would represent about 222,740 shares, or 5.5% of the shares outstanding. The home builder and mortgage provider's stock was up 0.4% in afternoon trade. It has rallied 10% over the past three months, while the S&P 500 has gained 2.2%.

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