Homebuilder Stocks DR Horton And Lennar Get Boost From Berkshire Hathaway Share Stake
$BRK.A
$BRK.B
$DHI
$LEN
Homebuilding
Consumer Discretionary
Homebuilding
Consumer Discretionary
DR Horton Inc (NYSE:DHI) and Lennar Corporation (NYSE:LEN) shares are trading higher in the after-hours session Monday after Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) took share stakes in the companies.
What To Know: According to a new regulatory filing, the Warren Buffett-led firm bought six million shares in DR Horton and 152,000 shares in Lennar.
D.R. Horton stock is up 38.30% for the year while Lennar stock is up 40.33%.
Related Link: Beam Global Q2 Results: Company Beats Top and Bottomline Estimates, Stock Trades Higher After-Hours
DHI, LEN Price Action: DHI stock was up 2.44% at $126.29 in the after-hours session at the time of publication while LEN stock was up 1.70% at $126.