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 shows us that the stock is down 21% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.90, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in the company include:
(Shares)
Edgar Wachenheim – 7,195,302
Cliff Asness – 778,071
Ken Fisher – 770,502
Ken Griffin – 665,981
Israel Englander – 550,506
Ray Dalio – 298,910
Steve Cohen – 189,817
Louis Bacon – 184,510
Jim Simons – 128,633
Ken Fisher – 10,934
Paul Tudor Jones – 10,825
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