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Berkshire-Backed Lennar Slides After Weak Q3 Earnings

Lennar TodayLENLennar127.175.70 (4.29127.17 -5.70 (-4.29%) 52-Week Range98.42▼189.65DividendYield1.57189.65Dividend Yield1.57%P/E Ratio12.57Price Target128.33Add to WatchlistOn Aug. 14, regulatory filings revealed that Warren Buffett’s Berkshire Hathaway NYSE: BRK.B had accumulated an approximately $800 million stake in U.S. homebuilder Lennar NYSE: LEN. These filings have a lag and show Berkshire’s position as of June 30. Surely, Berkshire is happy with the construction stock’s performance since then. From June 30 to Sept. 18, Lennar has p ...