Insider Buying: Lennar (NYSE:LEN) Major Shareholder Purchases $51,861,753.32 in Stock

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc acquired 667,118 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average price of $77.74 per share, with a total value of $51,861,753.32. Following the acquisition, the insider directly owned 23,719,109 shares in the company, valued at $1,843,923,533.66. This represents a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, September 18th, Berkshire Hathaway Inc bought 1,381,397 shares of Lennar stock. The stock was bought 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 bought at an average cost of $78.98 per share, for a total transaction of $54,892,205.72.

Lennar Stock Down 1.8%

Shares of NYSE LEN opened at $81.58 on Thursday. The stock has a 50 day moving average price of $83.96 and a 200 day moving average price of $87.76. The firm has a market capitalization of $19.65 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 3.14 and a beta of 1.39. Lennar Corporation has a 52-week low of $75.70 and a 52-week high of $133.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.69 and a current ratio of 4.94.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. Lennar’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts expect that Lennar Corporation will post 4.85 earnings per share for the current year.

Trending Headlines about Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Berkshire Hathaway accumulated approximately $212 million of Lennar shares. Berkshire bought 2.74 million shares across September 17–21, lifting its stake to roughly 10%. The purchases may support investor confidence by signaling that Berkshire sees long-term value in Lennar’s depressed valuation. CNBC article
• Positive Sentiment: Lennar declared a quarterly dividend of $0.50 per share. The dividend for both Class A and Class B shares is payable October 22 to shareholders of record October 7, providing continued shareholder returns and an annualized payout of $2.00 per share. Dividend announcement
• Neutral Sentiment: New land investments provide longer-term growth opportunities. Lennar paid $8 million for land in Sacramento’s South Natomas area and is advancing a 95-townhome project in Pebble Creek. These developments expand its pipeline but are unlikely to materially change near-term earnings. South Natomas land purchase
• Negative Sentiment: Third-quarter results missed expectations. Lennar reported EPS of $1.23 versus the $1.29 consensus, while revenue fell 8.7% year over year to $8.05 billion, below the $8.32 billion estimate. Heavy incentives are protecting affordability but weighing on margins and profitability. Lennar earnings call summary
• Negative Sentiment: Management cut its annual delivery forecast. Lennar now expects to deliver 80,000–81,000 homes, down from 82,000–83,000 previously, underscoring the impact of high mortgage rates and weak housing affordability. Delivery forecast article
• Negative Sentiment: Analysts remain cautious. Citigroup lowered its price target to $85 from $88, while Keefe, Bruyette & Woods cut its target to $75 and assigned an “underperform” rating. These actions reinforce concerns about demand, margins and near-term housing conditions. Citigroup price-target article

Institutional Trading of Lennar

A number of institutional investors have recently bought and sold shares of the stock. Phillip James Consulting Co. acquired a new position in Lennar during the 1st quarter valued at approximately $30,000. Global Assets Advisory LLC acquired a new position in shares of Lennar in the 1st quarter valued at $39,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Lennar in the 4th quarter worth $47,000. Anchor Investment Management LLC grew 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 valued at $69,000 after purchasing an additional 702 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Lennar by 1,272.4% in the second quarter. Elevation Wealth Partners LLC now owns 796 shares of the construction company’s stock valued at $72,000 after purchasing an additional 738 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citizens Jmp reiterated a “hold” rating on shares of Lennar in a report on Thursday, September 17th. JPMorgan Chase & Co. lowered their price target on shares of Lennar from $80.00 to $77.00 and set an “underweight” rating for the company in a research report on Tuesday, June 16th. Bank of America cut their price target on Lennar from $77.00 to $70.00 and set an “underperform” rating on the stock in a report on Monday, September 14th. Zacks Research cut Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Finally, Barclays reduced their target price on shares of Lennar from $79.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, September 18th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lennar has a consensus rating of “Reduce” and a consensus target price of $81.00.

Lennar Company Profile

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.