Berkshire Hathaway Buys D.R. Horton Stake, Boosts Lennar Position

M&A · Partnership
โดย Insider Monkey·US·Read original
Summary · why it matters

Warren Buffett's Berkshire Hathaway, now run by Greg Abel, revealed in its latest 13F filing that it bought a new stake in D.R. Horton worth about $580,000 and increased its stake in Lennar by 30% in the second quarter, lifting that position to about $1.2 billion. The housing market has been under pressure from higher mortgage rates, but J.P. Morgan Global Research expects home prices to remain flat in 2026 and rise 3% in 2027, while Capital Economics forecasts a 2.5% rebound in 2027 and a 4% gain in 2028. D.R. Horton's gross margin beat guidance at 20.7% in its most recent quarter, but the company cut its full-year revenue guidance and its stock is down 10% over the past year. Lennar's stock is down about 34% over the past year, though its fiscal Q2 results showed incentives on deliveries falling for the first time in three years, and construction costs per square foot dropped 7% year over year to $81.

Impact on stocks 3

Consumer Discretionary▲ · 2 stocks
DR Horton Inc
DHI
± MixedCapitalrelevance

Berkshire Hathaway bought a new stake, but company cut full-year revenue guidance and stock is down.

Lennar Corporation
LEN
▲ PositiveCapitalrelevance

Berkshire Hathaway increased stake by 30%, and incentives on deliveries fell for first time in three years.

Energy Transition & Power Demand▲ · 1 stocks
Berkshire Hathaway Inc
BRK-B
▲ PositiveCapitalrelevance

Berkshire Hathaway's 13F reveals new stake in D.R. Horton and increased Lennar position, indicating investment activity.

Off-coverage companies 1

Capital EconomicsPrivate± Mixed
relevance

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