Berkshire Hathaway buys $136m in Lennar shares

Berkshire Hathaway Inc. made substantial acquisitions of Lennar Corp (NASDAQ:LEN) common stock between September 23 and September 25, 2026. The company spent around $136.38 million on these shares, with prices ranging from $79.42 to $81.65 per share. These purchases comprised both Class A and Class B stock, with Berkshire Hathaway becoming the 10% owner and director of Lennar as a result.

The stock currently trades at $82.15, near the upper limit of Berkshire's purchase range but still below its 52-week high of $133.76. Lennar is considered undervalued at its current price, with a Fair Value of $89.39. Warren E. Buffett, the controlling stockholder of Berkshire, may also hold beneficial ownership of these shares.

Despite recent challenges in the housing sector, Lennar's P/E ratio is 15.47, and the company has a history of dividend payments and profitability.