Lennar Corporation (NYSE:LEN – Get Free Report) major shareholder Berkshire Hathaway Inc bought 5,200 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of $81.96 per share, for a total transaction of $426,192.00. Following the completion of the transaction, the insider directly owned 25,383,334 shares in the company, valued at approximately $2,080,418,054.64. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Berkshire Hathaway Inc also recently made the following trade(s):
- On Wednesday, September 30th, Berkshire Hathaway Inc purchased 642,821 shares of Lennar stock. The shares were purchased at an average cost of $81.58 per share, with a total value of $52,441,337.18.
- On Tuesday, September 29th, Berkshire Hathaway Inc purchased 12,389 shares of Lennar stock. The shares were purchased at an average price of $81.93 per share, with a total value of $1,015,030.77.
- On Friday, September 25th, Berkshire Hathaway Inc acquired 492,124 shares of Lennar stock. The stock was 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 Wednesday, September 23rd, Berkshire Hathaway Inc bought 534,256 shares of Lennar stock. The shares were acquired at an average cost of $81.65 per share, with a total value of $43,622,002.40.
- On Monday, September 21st, Berkshire Hathaway Inc purchased 667,118 shares of Lennar stock. The stock was 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 purchased 1,381,397 shares of Lennar stock. The shares were acquired 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 acquired 695,014 shares of Lennar stock. The stock was acquired at an average cost of $78.98 per share, with a total value of $54,892,205.72.
Lennar Trading Down 1.6%
Shares of LEN stock traded down $1.34 during mid-day trading on Wednesday, reaching $81.67. The company’s stock had a trading volume of 5,383,356 shares, compared to its average volume of 4,783,887. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $19.67 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 3.13 and a beta of 1.39. The company’s 50 day simple moving average is $83.83 and its 200-day simple moving average is $87.21. Lennar Corporation has a 12-month low of $75.70 and a 12-month high of $133.76.
Lennar Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Lennar’s dividend payout ratio (DPR) is 37.81%.
Institutional Investors Weigh In On Lennar
Several hedge funds and other institutional investors have recently modified their holdings of LEN. New Mexico Educational Retirement Board raised its stake in shares of Lennar by 1.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,560 shares of the construction company’s stock valued at $1,086,000 after purchasing an additional 100 shares in the last quarter. KCM Investment Advisors LLC increased its holdings in Lennar by 1.3% in the first quarter. KCM Investment Advisors LLC now owns 9,879 shares of the construction company’s stock valued at $858,000 after buying an additional 125 shares during the last quarter. Ritholtz Wealth Management raised its stake in Lennar by 5.4% during the first quarter. Ritholtz Wealth Management now owns 2,926 shares of the construction company’s stock valued at $254,000 after buying an additional 150 shares in the last quarter. Unison Advisors LLC lifted its holdings in Lennar by 0.4% during the 1st quarter. Unison Advisors LLC now owns 37,815 shares of the construction company’s stock worth $3,284,000 after buying an additional 154 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of Lennar by 4.8% in the 2nd quarter. Wedmont Private Capital now owns 3,460 shares of the construction company’s stock worth $292,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. The Goldman Sachs Group restated a “neutral” rating on shares of Lennar in a report on Friday, June 5th. Wells Fargo & Company reduced their target price on shares of Lennar from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Barclays lowered their price target 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. BTIG Research reiterated a “sell” rating and issued a $63.00 price objective on shares of Lennar in a report on Friday, September 18th. Finally, Truist Financial decreased their price objective on shares of Lennar from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, Lennar has a consensus rating of “Reduce” and a consensus target price of $81.00.
Get Our Latest Stock Analysis on Lennar
About Lennar
Lennar Corporation (NYSE: LEN) is a homebuilding company that designs, constructs and sells single-family homes and, through its multifamily operations, develops apartment communities. Its residential offerings generally include homes across a range of sizes and prices, serving first-time, move-up and active-adult buyers.
The company also provides related services through businesses involved in mortgage financing, title and closing services, insurance and other real estate activities. Lennar develops residential communities and manages land acquisition, planning and construction as part of its integrated homebuilding model.
Founded in 1954, Lennar has expanded from its origins in South Florida into a national homebuilder serving numerous markets across the United States.
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