Berkshire Hathaway has increased its stake in homebuilder Lennar, sending the company's shares 4.44% higher to $81.55 in morning trading on Tuesday. An SEC filing showed that Berkshire, already a 10% owner of Lennar, acquired roughly 2.74 million class A and B shares in multiple transactions at prices ranging from $74.49 to $79.79. Following the purchases, Berkshire holds approximately 23.72 million class A shares and 528,217 class B shares, both of indirect ownership. The move comes after Warren Buffett, who led Berkshire Hathaway for 61 years, stepped down as chairman.
Lennar CorporationBerkshire Hathaway raised its stake in Lennar, buying ~2.74 million shares, which drove the stock up 4.44%.
Berkshire Hathaway IncBerkshire increased its stake in Lennar via share purchases, a capital allocation move by the company.
