Lennar (NYSE:LEN) Major Shareholder Buys 534,256 Shares of Company Stock

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc acquired 534,256 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was purchased at an average cost of $81.65 per share, with a total value of $43,622,002.40. Following the completion of the purchase, the insider directly owned 24,252,102 shares of the company’s stock, valued at approximately $1,980,184,128.30. This represents a 2.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 bought 653,320 shares of Lennar stock. The shares were purchased at an average price of $80.88 per share, with a total value of $52,840,521.60.
• On Monday, September 21st, Berkshire Hathaway Inc purchased 667,118 shares of Lennar stock. The shares were acquired at an average price 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 stock was acquired at an average cost of $76.48 per share, with a total value of $105,649,242.56.
• On Thursday, September 17th, Berkshire Hathaway Inc acquired 695,014 shares of Lennar stock. The stock was acquired at an average price of $78.98 per share, with a total value of $54,892,205.72.

Lennar Stock Up 0.8%

Lennar stock traded up $0.65 during mid-day trading on Friday, reaching $82.12. 3,890,709 shares of the company’s stock were exchanged, compared to its average volume of 4,436,968. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. Lennar Corporation has a twelve month low of $75.70 and a twelve month high of $133.76. The company has a market cap of $19.78 billion, a P/E ratio of 15.52, a P/E/G ratio of 3.08 and a beta of 1.39. The company has a fifty day moving average of $83.83 and a 200-day moving average of $87.58.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $8.32 billion. Lennar had a return on equity of 6.15% and a net margin of 4.09%.The firm’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. Sell-side analysts expect that Lennar Corporation will post 4.85 EPS for the current year.

Lennar Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on LEN. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a report on Tuesday, September 8th. Evercore boosted their price target on shares of Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a report on Monday, June 15th. Argus set a $108.00 price objective on shares of Lennar in a report on Thursday, July 9th. UBS Group decreased their price objective on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods dropped their target price on Lennar from $85.00 to $75.00 and set an “underperform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $81.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LEN. Anchor Investment Management LLC raised its stake 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 in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Lennar by 5.3% during the second quarter. Sequoia Financial Advisors LLC now owns 14,609 shares of the construction company’s stock worth $1,322,000 after purchasing an additional 735 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new stake in shares of Lennar during the second quarter worth about $317,000. Cidel Asset Management Inc. lifted its holdings in shares of Lennar by 15.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 4,873 shares of the construction company’s stock valued at $441,000 after purchasing an additional 657 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Lennar in the 2nd quarter valued at about $232,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

More Lennar News

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.

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.