Lennar (NYSE:LEN) Major Shareholder Buys $56,942,835.88 in Stock

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc purchased 710,542 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average price of $80.14 per share, for a total transaction of $56,942,835.88. Following the completion of the purchase, the insider owned 26,740,126 shares of the company’s stock, valued at approximately $2,142,953,697.64. This represents a 2.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% 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 Friday, October 2nd, Berkshire Hathaway Inc acquired 1,708,095 shares of Lennar stock. The stock was acquired at an average price of $79.44 per share, with a total value of $135,691,066.80.
• On Wednesday, September 30th, Berkshire Hathaway Inc bought 642,821 shares of Lennar stock. The stock was acquired at an average cost of $81.58 per share, with a total value of $52,441,337.18.
• On Tuesday, September 29th, Berkshire Hathaway Inc purchased 12,389 shares of Lennar stock. The shares were bought at an average cost of $81.93 per share, for a total transaction of $1,015,030.77.
• On Monday, September 28th, Berkshire Hathaway Inc purchased 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 acquired 492,124 shares of Lennar stock. The stock was bought at an average price of $81.12 per share, with a total value of $39,921,098.88.
• On Thursday, September 24th, Berkshire Hathaway Inc acquired 653,320 shares of Lennar stock. The shares were bought at an average cost of $80.88 per share, for a total transaction of $52,840,521.60.
• On Wednesday, September 23rd, Berkshire Hathaway Inc bought 534,256 shares of Lennar stock. The shares were bought at an average price of $81.65 per share, for a total transaction of $43,622,002.40.
• On Monday, September 21st, Berkshire Hathaway Inc bought 667,118 shares of Lennar stock. The stock was bought at an average cost of $77.74 per share, with a total value of $51,861,753.32.
• On Friday, September 18th, Berkshire Hathaway Inc purchased 1,381,397 shares of Lennar stock. The shares were purchased at an average cost of $76.48 per share, for a total transaction of $105,649,242.56.
• On Thursday, September 17th, Berkshire Hathaway Inc purchased 695,014 shares of Lennar stock. The stock was purchased at an average price of $78.98 per share, for a total transaction of $54,892,205.72.

Lennar Stock Performance

NYSE LEN opened at $76.20 on Thursday. The business has a 50 day moving average price of $83.14 and a 200 day moving average price of $86.60. The company has a market capitalization of $18.36 billion, a P/E ratio of 14.40, a PEG ratio of 2.91 and a beta of 1.36. Lennar Corporation has a 1-year low of $73.75 and a 1-year high of $133.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). Lennar had a return on equity of 6.15% and a net margin of 4.09%.The firm had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter in the previous year, the firm posted $2.00 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. Sell-side analysts expect that Lennar Corporation will post 4.87 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 7th. Lennar’s dividend payout ratio is presently 37.81%.

Institutional Investors Weigh In On Lennar

Hedge funds and other institutional investors have recently modified their holdings of the company. Polaris Financial Partners purchased a new position in shares of Lennar during the third quarter valued at approximately $27,000. Phillip James Consulting Co. purchased a new stake in Lennar in the 1st quarter worth approximately $30,000. Global Assets Advisory LLC purchased a new stake in Lennar in the 1st quarter worth approximately $39,000. Anchor Investment Management LLC raised its holdings in Lennar by 1,276.4% in the 2nd quarter. Anchor Investment Management LLC now owns 757 shares of the construction company’s stock valued at $69,000 after acquiring an additional 702 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in shares of 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 purchasing an additional 738 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar News Summary

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Berkshire Hathaway continued buying Lennar. Berkshire acquired more than 2.4 million Lennar shares in transactions disclosed for October 1 and 2, investing approximately $193 million. Its stake has risen to roughly 12%, signaling confidence in Lennar’s long-term valuation despite near-term housing weakness. Berkshire Buys More Lennar Stock
• Positive Sentiment: Valuation and volume-focused strategy could support the shares. Coverage highlighted that Lennar trades below book value, while the company is emphasizing higher home deliveries, lower costs and faster construction cycles to address affordability challenges. This strategy could protect demand, though it may come at the expense of margins. Lennar Volume Strategy
• Neutral Sentiment: Investor law firms announced investigations. Frank R. Cruz and Bragar Eagel & Squire said they are investigating potential federal securities-law violations following an October 2 Hunterbrook Media report. The announcements are not findings of wrongdoing, but they increase headline and litigation risk for Lennar. Lennar Securities Fraud Investigation
• Negative Sentiment: Mortgage rates are approaching 7.5%. Higher borrowing costs are worsening housing affordability and forcing builders to use incentives or accept lower margins to keep buyers engaged. Mortgage Rates Near 7.5 Percent
• Negative Sentiment: Analyst sentiment remains bearish. Melius Research initiated coverage with a Sell rating and a $72 price target, while the broader analyst consensus is Reduce. Lennar’s latest quarter also missed estimates, with EPS of $1.23 versus $1.29 expected and revenue down 8.7% year over year. Lennar Analyst Coverage

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Evercore upped their price target on shares of Lennar from $82.00 to $87.00 and gave the company an “underperform” rating in a report on Monday, June 15th. Morgan Stanley started coverage on shares of Lennar in a research note on Thursday, October 1st. They set an “underweight” rating and a $65.00 price objective for the company. UBS Group reduced their target price on Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Royal Bank Of Canada lowered their target price on Lennar from $85.00 to $69.00 and set an “underperform” rating on the stock in a report on Friday, September 18th. Finally, Keefe, Bruyette & Woods dropped their price target on Lennar from $85.00 to $75.00 and set an “underperform” rating for the company in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and ten have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $79.00.

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.