Lennar (NYSE:LEN) Stock: Insider Berkshire Hathaway Inc Purchases 1,708,095 Shares

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc purchased 1,708,095 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were acquired at an average price of $79.44 per share, with a total value of $135,691,066.80. Following the completion of the acquisition, the insider owned 28,438,045 shares of the company’s stock, valued at approximately $2,259,118,294.80. The trade was a 6.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

• On Thursday, October 1st, Berkshire Hathaway Inc acquired 710,542 shares of Lennar stock. The stock was bought at an average price of $80.14 per share, for a total transaction of $56,942,835.88.
• On Wednesday, September 30th, Berkshire Hathaway Inc bought 642,821 shares of Lennar stock. The shares were bought at an average price of $81.58 per share, with a total value of $52,441,337.18.
• On Tuesday, September 29th, Berkshire Hathaway Inc acquired 12,389 shares of Lennar stock. The shares were bought at an average cost of $81.93 per share, with a total value of $1,015,030.77.
• On Monday, September 28th, Berkshire Hathaway Inc bought 5,200 shares of Lennar stock. The stock was bought at an average price of $81.96 per share, with a total value of $426,192.00.
• On Friday, September 25th, Berkshire Hathaway Inc bought 492,124 shares of Lennar stock. The shares were purchased at an average cost of $81.12 per share, for a total transaction of $39,921,098.88.
• On Thursday, September 24th, Berkshire Hathaway Inc purchased 653,320 shares of Lennar stock. The shares were purchased at an average price of $80.88 per share, for a total transaction of $52,840,521.60.
• On Wednesday, September 23rd, Berkshire Hathaway Inc purchased 534,256 shares of Lennar stock. The stock was purchased at an average cost of $81.65 per share, with a total value of $43,622,002.40.
• On Monday, September 21st, Berkshire Hathaway Inc acquired 667,118 shares of Lennar stock. The shares were purchased at an average cost of $77.74 per share, for a total transaction of $51,861,753.32.
• On Friday, September 18th, Berkshire Hathaway Inc acquired 1,381,397 shares of Lennar stock. The shares were purchased at an average price of $76.48 per share, for a total transaction of $105,649,242.56.
• On Thursday, September 17th, Berkshire Hathaway Inc bought 695,014 shares of Lennar stock. The stock was purchased at an average price of $78.98 per share, with a total value of $54,892,205.72.

Lennar Stock Performance

LEN stock traded down $5.50 during midday trading on Monday, hitting $74.31. The stock had a trading volume of 10,653,331 shares, compared to its average volume of 5,612,962. Lennar Corporation has a 52 week low of $73.75 and a 52 week high of $133.76. The company has a current ratio of 4.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $83.52 and a 200 day simple moving average of $86.85. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 3.00 and a beta of 1.36.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). The business had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $8.32 billion. Lennar had a net margin of 4.09% and a return on equity of 6.15%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm earned $2.00 EPS. As a group, equities research analysts anticipate that Lennar Corporation will post 4.87 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 7th. Lennar’s dividend payout ratio is 37.81%.

Key Headlines Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Berkshire Hathaway increased its Lennar position. Berkshire purchased 710,542 shares on October 1 and another 1,708,095 shares on October 2, investing roughly $193 million across the two disclosed transactions. Its holdings rose to 28.44 million shares, reinforcing Warren Buffett’s confidence in the homebuilder and providing potential support for the stock. Berkshire Buys More Lennar Stock
• Positive Sentiment: Long-term housing investment thesis remains intact. Reports highlighted that Berkshire is building a significant housing-related portfolio despite industry weakness, suggesting it views Lennar’s valuation and long-term housing demand favorably. Berkshire Hathaway Housing Investment
• Neutral Sentiment: Investor-law firms announced investigations. Block & Leviton is examining potential securities-law violations involving Lennar, while Julie & Holleman is investigating alleged misconduct related to transactions between Lennar and Millrose Properties. These announcements are not findings of wrongdoing but may add uncertainty and headline risk. Lennar Investor Investigation
• Negative Sentiment: Fundamental and housing-market pressures remain significant. High mortgage rates, weaker affordability, declining home prices and sharp gross-margin compression are weighing on Lennar’s outlook. The company’s latest quarterly results also missed analyst expectations, with earnings per share of $1.23 versus a $1.29 consensus and revenue down 8.7% year over year. Lennar Housing-Market Pressures
• Negative Sentiment: Recent negative coverage intensified selling pressure. Lennar’s shares fell sharply after publication of a report questioning the company, adding to concerns about earnings performance and the broader housing downturn. Negative Lennar Report

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LEN shares. Citizens Jmp reaffirmed a “hold” rating on shares of Lennar in a report on Thursday, September 17th. Seaport Research Partners cut their target price on Lennar from $74.00 to $70.00 and set a “sell” rating for the company in a research report on Monday, September 21st. Truist Financial decreased their price target on Lennar from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lennar in a research report on Tuesday, September 8th. Finally, Benchmark raised Lennar to a “hold” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and ten have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $79.86.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LEN. Polaris Financial Partners bought a new stake in Lennar during the 3rd quarter worth approximately $27,000. Phillip James Consulting Co. bought a new position in shares of Lennar in the first quarter valued at about $30,000. Global Assets Advisory LLC acquired a new position in Lennar during the 1st quarter worth about $39,000. Anchor Investment Management LLC grew its holdings in Lennar by 1,276.4% during the 2nd quarter. Anchor Investment Management LLC now owns 757 shares of the construction company’s stock worth $69,000 after acquiring an additional 702 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in Lennar by 1,272.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 796 shares of the construction company’s stock worth $72,000 after acquiring an additional 738 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

About Lennar

Lennar Corporation (NYSE: LEN) is a homebuilding company that designs, constructs and sells single-family homes and, through its multifamily operations, develops apartment communities. Its residential offerings generally include homes across a range of sizes and prices, serving first-time, move-up and active-adult buyers.

The company also provides related services through businesses involved in mortgage financing, title and closing services, insurance and other real estate activities. Lennar develops residential communities and manages land acquisition, planning and construction as part of its integrated homebuilding model.

Founded in 1954, Lennar has expanded from its origins in South Florida into a national homebuilder serving numerous markets across the United States.