- Berkshire Hathaway now owns more than 10% of Lennar after buying roughly $200 million of the homebuilder's stock, according to SEC filings.
- The disclosure sparked a rally among beaten-down homebuilding stocks.
Quotes
“Berkshire Hathaway (BRKB) raised its stake in Lennar (LEN) and now owns more than 10% of the homebuilder, sparking a rally among beaten-down homebuilding stocks.”
“Warren Buffett's investment firm disclosed it purchased roughly $200 million of Lennar stock in transactions made Thursday, Friday and Monday, according to Securities & Exchange Commission filings.”