10,819 Lennar Corporation $LEN Shares Acquired by Investment House LLC

Investment House LLC increased its position in shares of Lennar Corporation (NYSE:LEN) by 162.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,488 shares of the construction company’s stock after buying an additional 10,819 shares during the quarter. Investment House LLC’s holdings in Lennar were worth $1,427,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Lennar by 30.2% in the third quarter. SBI Securities Co. Ltd. now owns 1,013 shares of the construction company’s stock valued at $83,000 after acquiring an additional 235 shares during the period. Element Pointe Advisors LLC increased its holdings in shares of Lennar by 288.5% in the 3rd quarter. Element Pointe Advisors LLC now owns 20,200 shares of the construction company’s stock valued at $1,648,000 after acquiring an additional 15,000 shares during the period. Quadrant Capital Group LLC increased its stake in Lennar by 14.7% in the third quarter. Quadrant Capital Group LLC now owns 7,024 shares of the construction company’s stock valued at $526,000 after purchasing an additional 899 shares during the period. Rare Wolf Capital LLC purchased a new stake in shares of Lennar in the third quarter valued at about $298,000. Finally, Vision Capital Management Inc. boosted its stake in shares of Lennar by 240.4% during the third quarter. Vision Capital Management Inc. now owns 19,581 shares of the construction company’s stock worth $1,598,000 after buying an additional 13,828 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc bought 1,708,095 shares of the stock in a transaction on Friday, October 2nd. The shares were bought at an average cost of $79.44 per share, for a total transaction of $135,691,066.80. Following the completion of the transaction, the insider owned 28,438,045 shares of the company’s stock, valued at $2,259,118,294.80. This represents a 6.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 7,502,276 shares of company stock worth $595,303,287 over the last quarter. 10.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BTIG Research reissued a “sell” rating and set a $63.00 price target on shares of Lennar in a report on Friday, September 18th. Weiss Ratings downgraded Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Bank of America lowered their target price on Lennar from $77.00 to $70.00 and set an “underperform” rating on the stock in a research note on Monday, September 14th. Keefe, Bruyette & Woods decreased their price target on Lennar from $85.00 to $75.00 and set an “underperform” rating for the company in a report on Tuesday, September 22nd. Finally, Argus set a $108.00 price objective on shares of Lennar in a research report on Thursday, July 9th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and eleven have assigned a Sell rating to the company. According to MarketBeat.com, Lennar presently has a consensus rating of “Strong Sell” and an average target price of $79.00.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Mortgage rates eased to approximately 7.32% for a 30-year loan, while long-term Treasury yields declined. Both developments could improve housing affordability and reduce financing pressure on Lennar, supporting a broader homebuilder-sector rebound. Lennar gains as lower rates appear to lift beaten-down homebuilders
• Positive Sentiment: Investor interest was also supported by Lennar’s depressed valuation. A GuruFocus model estimated fair value at $124.32 versus a recent share price near $84.45, although such estimates are model-dependent and not company guidance. A Look at Lennar Corp After 8.7% Gain
• Positive Sentiment: Recent institutional filings showed substantial buying from Berkshire Hathaway and other large investors. The data may reinforce confidence in Lennar’s long-term value, though 13F holdings are reported with a delay and do not necessarily explain short-term trading.
• Neutral Sentiment: Lennar announced new community activity, including the King Oaks grand opening in Georgia, broke ground on a Fort Monmouth redevelopment project in New Jersey, and was identified as the buyer of Boynton Beach Mall. These developments expand its project pipeline but are unlikely to materially affect near-term earnings. Lennar revealed as buyer of Boynton Beach Mall
• Negative Sentiment: Risks remain from weak housing demand. Pending home-sale contracts fell to a record low as mortgage rates recently reached about 7.4%, highlighting continued affordability challenges. Lennar’s latest quarterly results also missed estimates, with lower revenue and earnings year over year and a reduced delivery outlook.
• Negative Sentiment: A securities-law firm said it is investigating Lennar and its management on behalf of investors. The announcement is an attorney solicitation and does not establish wrongdoing, but it adds headline and legal risk. Lennar Corporation Investigation Continues

Lennar Stock Up 8.7%

Lennar stock opened at $84.47 on Friday. The stock’s 50 day moving average price is $81.20 and its 200 day moving average price is $85.68. The company has a market cap of $20.10 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69. Lennar Corporation has a 1-year low of $71.78 and a 1-year high of $133.76.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS 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 company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Lennar’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, sell-side analysts predict that Lennar Corporation will post 4.88 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. Lennar’s payout ratio is currently 37.81%.

Lennar Profile

Lennar Corporation (NYSE:LEN) is a homebuilding and real estate company that develops, constructs, and sells primarily single-family homes. The company offers homes across a range of price points and designs, including residences for first-time, move-up, luxury, and active-adult buyers. Its operations also include land acquisition and development, allowing Lennar to prepare communities and lots for residential construction.

In addition to homebuilding, Lennar develops multifamily rental properties and provides related financial services.