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 public 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 and has invested in numerous housing-related technology startups.
A quick look at the price chart below for Lennar Corporation shows us that the stock is up 21% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.47, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Lennar Corporation include:
(Shares)
Edgar Wachenheim – 7,022,487
Ken Griffin – 1,224,440
Cliff Asness – 1,165,291
Mario Gabelli – 772,834
Ken Fisher – 745,530
Ray Dalio – 339,784
Jeremy Grantham – 308,100
Jim O’Shaughnessy – 94,249
Wally Weitz – 52,577
Israel Englander – 50,706
Tom Gayner – 13,000
Murray Stahl – 4,585
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