Berkshire Hathaway Inc. buys $53.8m of Lennar stock

On September 28-30, 2026, Berkshire Hathaway Inc., a 10% investor in Lennar Corp., acquired approximately $53.8 million worth of the homebuilder's common stock in three separate transactions. Prices ranged from $79.98 to $81.96 per share. The move came as Lennar shares had dropped 35% over the previous year, trading near their 52-week low of $75.70.

Analysts deemed the stock undervalued, citing a market cap of about $20 billion and a P/E ratio of 15.48. Berkshire's purchases included 5,200 Class A shares on September 28 at an average price of $81.96, followed by 12,289 more Class A shares on September 29 at $81.95, and a significant 638,813 Class A shares on September 30 at $81.59.

Additionally, Berkshire bought 100 Class B shares on September 29 at $80.00 and 4,008 more on September 30 at $79.98. As a result, Berkshire now owns 26,034,436 Class A shares and 553,000 Class B shares, held indirectly through various subsidiaries. Warren Buffett, controlling Berkshire's stockholder, may indirectly own these shares through his pecuniary interest.

Lennar reported Q3 earnings that missed expectations, citing softer housing demand, rising affordability pressures, and increased competition. Analysts remain cautious, with some rating the stock underperform.