Zacks Research Equities Analysts Decrease Earnings Estimates for Lennar Co. (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Equities researchers at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for shares of Lennar in a research note issued to investors on Tuesday, September 17th. Zacks Research analyst A. Gupta now anticipates that the construction company will earn $4.72 per share for the quarter, down from their prior forecast of $4.75. The consensus estimate for Lennar’s current full-year earnings is $14.16 per share. Zacks Research also issued estimates for Lennar’s Q4 2025 earnings at $5.07 EPS, FY2025 earnings at $15.47 EPS, Q3 2026 earnings at $4.39 EPS and FY2026 earnings at $15.97 EPS.

A number of other research firms have also recently commented on LEN. The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $180.00 to $174.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their price target on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Wedbush reissued a “neutral” rating and set a $144.00 price objective on shares of Lennar in a research report on Wednesday, September 11th. Raymond James cut shares of Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $145.00 target price on shares of Lennar in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $172.69.

Lennar Stock Performance

Shares of NYSE:LEN opened at $189.40 on Wednesday. Lennar has a fifty-two week low of $102.90 and a fifty-two week high of $189.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The company has a market capitalization of $52.01 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.61 and a beta of 1.61. The firm’s 50 day simple moving average is $174.49 and its 200 day simple moving average is $163.43.

Lennar (NYSE:LEN) last released its earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.18. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%.

Institutional Investors Weigh In On Lennar

Large investors have recently made changes to their positions in the stock. Boston Partners raised its position in Lennar by 21.5% during the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after acquiring an additional 4,207 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Lennar by 177.3% in the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock valued at $4,659,000 after purchasing an additional 19,985 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its stake in Lennar by 331.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after purchasing an additional 9,246 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in Lennar during the fourth quarter worth about $838,000. Finally, Norden Group LLC acquired a new position in Lennar during the first quarter worth approximately $5,592,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is 13.60%.

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.