Published February 18, 2015 2:23pm EST | Updated May 21, 2015 1:29pm EDT

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%.