Lennar (NYSE:LEN) Major Shareholder Purchases $105,649,242.56 in Stock

Posted by Francis Steltz on Sep 24th, 2026

Lennar Corporation (NYSE:LEN – Get Free Report) major shareholder Berkshire Hathaway Inc acquired 1,381,397 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of $76.48 per share, for a total transaction of $105,649,242.56. Following the completion of the transaction, the insider directly owned 23,075,025 shares in the company, valued at $1,764,777,912. This represents a 6.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Monday, September 21st, Berkshire Hathaway Inc acquired 667,118 shares of Lennar stock. The stock was acquired at an average price of $77.74 per share, with a total value of $51,861,753.32.
On Thursday, September 17th, Berkshire Hathaway Inc purchased 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 Trading Down 1.8%

Shares of LEN stock opened at $81.58 on Thursday. The stock has a market capitalization of $19.65 billion, a P/E ratio of 15.42, a P/E/G ratio of 3.14 and a beta of 1.39. 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 firm’s 50 day moving average is $83.96 and its 200 day moving average is $87.76. Lennar Corporation has a 12-month low of $75.70 and a 12-month high of $133.76.

Lennar (NYSE:LEN – Get Free Report) last released its quarterly 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). The firm had revenue of $8.05 billion during 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 business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the business earned $2.29 earnings per share. Research analysts expect that Lennar Corporation will post 4.85 earnings per share for the current year.

Institutional Trading of Lennar

Several hedge funds have recently modified their holdings of the company. Phillip James Consulting Co. purchased a new position in Lennar in the 1st quarter worth $30,000. Global Assets Advisory LLC acquired a new position in shares of Lennar in the first quarter worth about $39,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Lennar during the 4th quarter valued at approximately $47,000. Anchor Investment Management LLC raised its position in shares of 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 purchasing an additional 702 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its position 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 acquiring an additional 738 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Key Lennar News

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

Wall Street Analyst Weigh In

LEN has been the subject of a number of recent research reports. Zacks Research downgraded Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada cut their price target on Lennar from $85.00 to $69.00 and set an “underperform” rating for the company in a research note on Friday, September 18th. Citizens Jmp reaffirmed a “hold” rating on shares of Lennar in a research note on Thursday, September 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Lennar in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lennar from $80.00 to $77.00 and set an “underweight” rating on the stock in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $81.00.

Read Our Latest Stock Analysis on Lennar

About Lennar

(Get Free Report)

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.