Lennar (NYSE:LEN) Receives “Neutral” Rating from Wedbush

Lennar (NYSE:LEN)‘s stock had its “neutral” rating restated by analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They currently have a $164.00 target price on the construction company’s stock. Wedbush’s price target indicates a potential upside of 12.38% from the stock’s previous close. Wedbush also issued estimates for Lennar’s Q3 2026 earnings at $4.43 EPS.

Several other research firms have also issued reports on LEN. Keefe, Bruyette & Woods boosted their price target on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Royal Bank of Canada lifted their target price on Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a report on Monday, September 23rd. Citigroup increased their price target on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reduced their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Finally, JMP Securities boosted their price target on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $182.88.

Lennar Stock Down 3.7 %

Shares of NYSE:LEN opened at $145.93 on Thursday. The company has a market capitalization of $39.58 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. Lennar has a 1 year low of $140.65 and a 1 year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The business has a fifty day moving average price of $170.57 and a two-hundred day moving average price of $169.80.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. Lennar’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.82 EPS. Analysts forecast that Lennar will post 14.11 earnings per share for the current year.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated 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 transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

Several large investors have recently added to or reduced their stakes in LEN. The Manufacturers Life Insurance Company increased its stake 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 worth $1,106,798,000 after buying an additional 73,638 shares in the last quarter. Pacer Advisors Inc. increased its position in Lennar by 15.1% in the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares during the last quarter. Smead Capital Management Inc. raised its position in Lennar by 3.5% during the third 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 shares of Lennar by 428.9% during the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after buying an additional 1,962,447 shares during the period. Finally, Marshall Wace LLP grew its holdings in Lennar by 20.9% during the 2nd quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock worth $302,084,000 after acquiring an additional 348,553 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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.