Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Lennar Corporation (NYSE: LEN)
After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) in the United States. The company’s homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar’s financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction.
A quick look at the price chart below for Lennar shows us that the stock is up 144% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 10.06, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Lennar include:
(Shares)
Edgar Wachenheim – 7,543,842
Ken Fisher – 1,044,914
Jim Simons – 561,033
Israel Englander – 446,171
Cliff Asness – 411,836
Jim O’Shaughnessy – 96,074
Chris Cole – 84,043
Ken Griffin – 42,658
Joel Greenblatt – 5,688
Murray Stahl – 5,435
Ray Dalio – 3,820
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