Lennar Stock News

MIAMI, Sept. 23, 2026 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on October 22, 2026 to holders of record at the close of business on October 7, 2026.

Lennar stock LEN gained 5% on Tuesday after Berkshire Hathaway purchased $212.4 million worth of the US homebuilder's shares over three trading days. Berkshire bought 2.74 million Lennar shares, including Class A and Class B stock, bringing its ownership of the company to just over 10%.

Berkshire Hathaway has built almost a 10% stake in Lennar, a Miami-based homebuilder, according to a securities filing. The conglomerate has a long history of taking stakes in homebuilders.

Berkshire Hathaway purchased more than $200 million of depressed Lennar stock over three trading days and now owns just over 10% of the country's second largest home builder.

Lennar, the nation's third-largest home builder, had a earnings miss last week. But it wasn't inflation driving up construction materials or tariffs or wages or any of the other usual suspects that stood out.

Lennar Corp (NYSE:LEN) reported a 52% drop in third-quarter net earnings and lowered its annual delivery target. Net earnings fell to $284 million, or $1.19 per diluted share, from $591 million, or $2.29, a year earlier.

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