Lennar (NYSE:LEN) Major Shareholder Acquires $39,921,098.88 in Stock

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc acquired 492,124 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of $81.12 per share, for a total transaction of $39,921,098.88. Following the completion of the acquisition, the insider owned 25,378,134 shares in the company, valued at $2,058,674,230.08. The trade was a 1.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large 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, September 24th, Berkshire Hathaway Inc bought 653,320 shares of Lennar stock. The shares were purchased at an average cost of $80.88 per share, with a total value of $52,840,521.60.
• On Wednesday, September 23rd, Berkshire Hathaway Inc bought 534,256 shares of Lennar stock. The stock was purchased 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 purchased 667,118 shares of Lennar stock. The stock was 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 purchased 1,381,397 shares of Lennar stock. The shares were purchased at an average price 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 purchased at an average cost of $78.98 per share, with a total value of $54,892,205.72.

Lennar Trading Down 0.0%

Shares of LEN opened at $82.12 on Monday. Lennar Corporation has a 52-week low of $75.70 and a 52-week high of $133.76. The stock has a market cap of $19.78 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 3.10 and a beta of 1.39. The firm’s fifty day moving average is $83.83 and its two-hundred day moving average is $87.50. 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 (NYSE:LEN) last issued 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). The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $8.32 billion. Lennar had a net margin of 4.09% and a return on equity of 6.15%. Lennar’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the company earned $2.29 earnings per share. Research analysts forecast that Lennar Corporation will post 4.85 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders 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 2.4%. The ex-dividend date of this dividend is Wednesday, October 7th. Lennar’s dividend payout ratio (DPR) is 37.81%.

Institutional Investors Weigh In On Lennar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC raised its position in Lennar by 1,276.4% in the second 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 period. Sequoia Financial Advisors LLC grew its holdings in shares of Lennar by 5.3% during the 2nd 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 period. Van Hulzen Asset Management LLC acquired a new stake in shares of Lennar during the 2nd quarter worth about $317,000. Cidel Asset Management Inc. raised its holdings in 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 buying an additional 657 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in Lennar in the second quarter valued at about $232,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar News Roundup

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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LEN shares. Benchmark raised Lennar to a “hold” rating in a report on Thursday, September 3rd. Evercore raised their target price on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a research note on Monday, June 15th. Bank of America reduced 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 lowered shares of Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada cut their price objective on shares of Lennar from $85.00 to $69.00 and set an “underperform” rating for the company in a research report on Friday, September 18th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and nine have assigned 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.

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.