Lennar (NYSE:LEN) Earns Neutral Rating from Wedbush

Wedbush restated their neutral rating on shares of Lennar (NYSE:LEN) in a research report released on Thursday,Benzinga reports. They currently have a $164.00 target price on the construction company’s stock. Wedbush also issued estimates for Lennar’s Q3 2026 earnings at $4.43 EPS.

Other research analysts have also issued reports about the stock. Bank of America raised their price objective on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Bank Of America (Bofa) boosted their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company cut their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Finally, Barclays cut Lennar from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $210.00 to $181.00 in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.94.

Lennar Trading Down 0.2 %

NYSE:LEN opened at $138.08 on Thursday. The stock has a market cap of $37.45 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. Lennar has a one year low of $135.21 and a one year high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The business’s 50-day simple moving average is $168.98 and its 200 day simple moving average is $169.51.

Lennar (NYSE:LEN) last announced its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the company earned $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Lennar will post 14.11 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio is currently 13.95%.

Insider Buying and Selling

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

Several hedge funds have recently modified their holdings of LEN. The Manufacturers Life Insurance Company lifted its holdings in Lennar by 1.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock valued at $1,106,798,000 after acquiring an additional 73,638 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after purchasing an additional 396,951 shares during the last quarter. Smead Capital Management Inc. boosted its position in shares of Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after purchasing an additional 89,896 shares during the period. D1 Capital Partners L.P. increased its stake in Lennar by 428.9% in the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock worth $362,685,000 after purchasing an additional 1,962,447 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Lennar by 20.9% during the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock valued at $302,084,000 after acquiring an additional 348,553 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.