Insider Buying: Lennar (NYSE:LEN) Major Shareholder Acquires $43,622,002.40 in Stock

Lennar Corporation (NYSE:LEN) major shareholder Berkshire Hathaway Inc acquired 534,256 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was acquired at an average cost of $81.65 per share, with a total value of $43,622,002.40. Following the acquisition, the insider directly owned 24,252,102 shares in the company, valued at approximately $1,980,184,128.30. This trade represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 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, September 25th, Berkshire Hathaway Inc purchased 492,124 shares of Lennar stock. The shares were bought 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 purchased 653,320 shares of Lennar stock. The stock was bought at an average price of $80.88 per share, for a total transaction of $52,840,521.60.
• On Monday, September 21st, Berkshire Hathaway Inc bought 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 acquired 1,381,397 shares of Lennar stock. The stock was 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 shares were acquired at an average cost of $78.98 per share, with a total value of $54,892,205.72.

Lennar Stock Down 0.0%

LEN stock opened at $82.12 on Monday. Lennar Corporation has a 12 month low of $75.70 and a 12 month high of $133.76. The company has a current ratio of 4.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $19.78 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 3.10 and a beta of 1.39. The firm has a 50-day moving average price of $83.83 and a 200-day moving average price of $87.50.

Lennar (NYSE:LEN) last posted its earnings results 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 the consensus estimate of $8.32 billion. Lennar had a return on equity of 6.15% and a net margin of 4.09%.The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. As a group, equities research analysts anticipate that Lennar Corporation will post 4.85 EPS 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 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 of this dividend is Wednesday, October 7th. Lennar’s payout ratio is presently 37.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC boosted its holdings in shares of Lennar by 1,276.4% in the second quarter. Anchor Investment Management LLC now owns 757 shares of the construction company’s stock worth $69,000 after acquiring an additional 702 shares during the period. Sequoia Financial Advisors LLC raised its position in Lennar by 5.3% during the second quarter. Sequoia Financial Advisors LLC now owns 14,609 shares of the construction company’s stock valued at $1,322,000 after purchasing an additional 735 shares in the last quarter. Van Hulzen Asset Management LLC bought a new stake in shares of Lennar in the 2nd quarter worth approximately $317,000. Cidel Asset Management Inc. boosted its position in Lennar by 15.6% during the second 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 bought a new position in Lennar during the 2nd quarter worth approximately $232,000. 81.10% of the stock is owned by institutional investors.

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.

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial reduced their target price on Lennar from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Zacks Research lowered shares of Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. BTIG Research reissued a “sell” rating and issued a $63.00 price target on shares of Lennar in a research report on Friday, September 18th. Evercore lifted their price target on Lennar from $82.00 to $87.00 and gave the company an “underperform” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada reduced their target price on shares of Lennar from $85.00 to $69.00 and set an “underperform” rating for the company in a research note on Friday, September 18th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average 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.