Lennar (NYSE:LEN) Major Shareholder Buys $52,840,521.60 in Stock

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc acquired 653,320 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were bought at an average cost of $80.88 per share, with a total value of $52,840,521.60. Following the completion of the transaction, the insider directly owned 24,893,032 shares in the company, valued at $2,013,348,428.16. This trade represents a 2.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, September 25th, Berkshire Hathaway Inc purchased 492,124 shares of Lennar stock. The stock was acquired at an average cost of $81.12 per share, with a total value of $39,921,098.88.
• On Wednesday, September 23rd, Berkshire Hathaway Inc acquired 534,256 shares of Lennar stock. The shares were acquired at an average cost of $81.65 per share, for a total transaction of $43,622,002.40.
• On Monday, September 21st, Berkshire Hathaway Inc purchased 667,118 shares of Lennar stock. The shares were bought 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 purchased 1,381,397 shares of Lennar stock. The stock was 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 shares were purchased at an average price of $78.98 per share, for a total transaction of $54,892,205.72.

Lennar Price Performance

Lennar stock opened at $82.12 on Monday. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $83.83 and its 200 day simple moving average is $87.50. Lennar Corporation has a 52 week low of $75.70 and a 52 week high of $133.76. The firm has a market capitalization of $19.78 billion, a PE ratio of 15.52, a P/E/G ratio of 3.10 and a beta of 1.39.

Lennar (NYSE:LEN) last announced its earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (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 business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, equities research analysts predict that Lennar Corporation will post 4.85 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, October 7th. Lennar’s dividend payout ratio is 37.81%.

Hedge Funds Weigh In On Lennar

A number of institutional investors have recently made changes to their positions in LEN. New Mexico Educational Retirement Board increased its holdings in Lennar by 1.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,560 shares of the construction company’s stock worth $1,086,000 after buying an additional 100 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Lennar by 1.3% during the 1st quarter. KCM Investment Advisors LLC now owns 9,879 shares of the construction company’s stock valued at $858,000 after purchasing an additional 125 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Lennar by 5.4% in the 1st quarter. Ritholtz Wealth Management now owns 2,926 shares of the construction company’s stock valued at $254,000 after purchasing an additional 150 shares during the last quarter. Unison Advisors LLC increased its position in Lennar by 0.4% during the first quarter. Unison Advisors LLC now owns 37,815 shares of the construction company’s stock worth $3,284,000 after buying an additional 154 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Lennar by 4.8% during the 2nd quarter. Wedmont Private Capital now owns 3,460 shares of the construction company’s stock worth $292,000 after acquiring an additional 157 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Berkshire Hathaway disclosed a purchase worth approximately $212.38 million, increasing its Lennar ownership above 10%. The investment by Warren Buffett’s company is a strong institutional vote of confidence and suggests Berkshire views Lennar’s depressed valuation and housing supply position as attractive. Lennar Shares Jumped After Berkshire Hathaway Increased Its Position
• Positive Sentiment: The company declared a quarterly dividend of $0.50 per share, or $2.00 annualized, representing an approximately 2.5% yield. The payout reinforces Lennar’s shareholder-return profile, although the ex-dividend date is October 7.
• Positive Sentiment: Lennar is expanding its geographic footprint by opening an Iowa division with five communities in the Des Moines area. New communities could support longer-term revenue and order growth if local demand remains healthy. Lennar’s New Iowa Division Opens Five Des Moines-Area Communities
• Neutral Sentiment: Lennar announced Venue at Leaf Creek, a 55-and-over community in Douglassville, Pennsylvania, highlighting continued development activity and product expansion. The announcement is strategically supportive but does not provide material financial guidance. Lennar’s Venue at Leaf Creek Announcement
• Negative Sentiment: Recent earnings missed expectations, revenue declined year over year, and Lennar cut its outlook. The weaker operating backdrop reflects pressure from mortgage rates, affordability challenges and softer housing demand.
• Negative Sentiment: Jim Cramer remained cautious on Lennar and the broader homebuilding sector, emphasizing the adverse impact of interest-rate uncertainty on housing activity. Keefe, Bruyette & Woods also issued a pessimistic forecast for the stock. Jim Cramer’s Lennar Commentary
• Negative Sentiment: Lennar’s lawsuit involving a rejected 265-unit condominium project in Geneva is moving forward, creating legal uncertainty and potentially delaying development plans.

Analysts Set New Price Targets

LEN has been the subject of several analyst reports. Seaport Research Partners cut their target price on shares of Lennar from $74.00 to $70.00 and set a “sell” rating for the company in a research note on Monday, September 21st. Bank of America cut their price objective on shares of Lennar from $77.00 to $70.00 and set an “underperform” rating for the company in a research report on Monday, September 14th. Barclays reduced their price objective on shares of Lennar from $79.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, September 18th. Wells Fargo & Company lowered their target price on shares of Lennar from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Finally, Argus set a $108.00 price target on Lennar in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $81.00.

About Lennar

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.