LEN
INSIDER BUYCONGRESS BUYLENNAR CORPORATION
Research: Finviz ↗·Perplexity ↗
No convergence signal this quarter — shown because tracked funds have filed 13D/G on this stock.
News Summary
NegativeLennar reported Q3 2026 earnings with a significant 80% EPS decline YoY ($1.19 vs $6.06 prior year), missed Q4 guidance substantially (34-35% below consensus at $1.30-1.65 vs $1.99), and cited deteriorating housing demand requiring margin sacrifice to protect volume. However, Berkshire Hathaway nearly doubled its stake to ~$1.2B during the quarter, signaling institutional conviction despite near-term headwinds.
Red flags
- •Q3 EPS collapsed 80% YoY to $1.19 per diluted share
- •Q4 2026 guidance cut 34-35% below consensus ($1.30-1.65 guidance vs $1.99 estimate)
- •Management cited housing market has 'gotten more difficult' since June with weakening demand
- •Gross margin pressure from ~7% mortgage rates requiring company-funded buydowns expected to persist multiple quarters
- •Stock hit 52-week low of $76.63; Wells Fargo downgraded to $80 price target signaling limited upside
- •Strategic margin-for-volume trade-off indicates competitive pressure and demand concerns
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC | — | BUY | 639K | $81.59 | $52.12M | 2026-09-30 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 4K | $79.98 | $0.32M | 2026-09-30 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 12K | $81.95 | $1.01M | 2026-09-29 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 100 | $80.00 | $0.01M | 2026-09-29 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 5K | $81.96 | $0.43M | 2026-09-28 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 7K | $79.53 | $0.56M | 2026-09-25 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 313K | $80.90 | $25.35M | 2026-09-25 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 172K | $81.60 | $14.01M | 2026-09-25 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 3K | $79.91 | $0.24M | 2026-09-24 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 9K | $79.42 | $0.75M | 2026-09-24 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 399K | $80.58 | $32.17M | 2026-09-24 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 242K | $81.44 | $19.68M | 2026-09-24 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 533K | $81.65 | $43.52M | 2026-09-23 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 1K | $79.99 | $0.10M | 2026-09-23 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 18K | $76.62 | $1.39M | 2026-09-21 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 160K | $77.23 | $12.38M | 2026-09-21 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 484K | $77.97 | $37.72M | 2026-09-21 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 5K | $75.76 | $0.37M | 2026-09-21 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 52K | $77.06 | $3.98M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 8K | $78.88 | $0.62M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 500 | $78.38 | $0.04M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 390 | $75.76 | $0.03M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 710 | $76.98 | $0.05M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 1.2M | $76.39 | $93.08M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 69K | $78.09 | $5.37M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 33K | $74.80 | $2.48M | 2026-09-18 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 268K | $78.41 | $20.98M | 2026-09-17 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 9K | $76.96 | $0.69M | 2026-09-17 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 8K | $77.94 | $0.65M | 2026-09-17 | ↗ |
| BERKSHIRE HATHAWAY INC | — | BUY | 410K | $79.41 | $32.57M | 2026-09-17 | ↗ |
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Berkshire Hathaway | SC 13G | NEW | 6.2% | -14.3% vs SPY -14.3% abs | 2026-08-14 | ↗ |
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.