Lennar (NYSE:LEN) Major Shareholder Berkshire Hathaway Inc Acquires 642,821 Shares of Company Stock

Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?

Berkshire Hathaway thinks in decades, which changes the story around investing in housing stocks.

STOCK MARKET: Berkshire buys more Lennar shares, but pace of purchases slows

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Berkshire buys more Lennar shares, but pace of purchases slows

Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.

Lennar (NYSE:LEN) Major Shareholder Berkshire Hathaway Inc Acquires 642,821 Shares of Company Stock

Lennar Corporation (NYSE:LEN - Get Free Report) major shareholder Berkshire Hathaway Inc purchased 642,821 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $81.58 per share, with a total value of $52,441,337.18. Following the purchase, the insider owned 26,034,436 shares of the company's stock, valued at approximately $2,123,889,288.88. This trade represents a 2.53% inc…

Lennar (NYSE:LEN) Major Shareholder Berkshire Hathaway Inc Acquires 5,200 Shares of Stock

Lennar Corporation (NYSE:LEN - Get Free Report) major shareholder Berkshire Hathaway Inc acquired 5,200 shares of Lennar stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of $81.96 per share, for a total transaction of $426,192.00. Following the purchase, the insider directly owned 25,383,334 shares of the company's stock, valued at approximately $2,080,418,054.64. This trade represents …