Wedbush Forecasts Lennar’s Q3 Earnings (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Investment analysts at Wedbush issued their Q3 2026 earnings per share (EPS) estimates for Lennar in a research note issued to investors on Thursday, December 12th. Wedbush analyst J. Mccanless forecasts that the construction company will post earnings of $4.43 per share for the quarter. Wedbush currently has a “Neutral” rating and a $164.00 price objective on the stock. The consensus estimate for Lennar’s current full-year earnings is $14.11 per share.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday. Evercore ISI lowered their price target on Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a report on Monday, September 23rd. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods increased their price target on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada lifted their price objective on Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $182.88.

Lennar Trading Down 0.3 %

NYSE LEN opened at $151.52 on Monday. The stock has a market cap of $41.10 billion, a PE ratio of 10.03, a PEG ratio of 1.31 and a beta of 1.61. Lennar has a 12 month low of $140.65 and a 12 month high of $193.80. The company’s 50-day moving average price is $171.26 and its 200-day moving average price is $169.97. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the previous year, the business earned $3.91 EPS. Lennar’s revenue was up 7.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Lennar by 15.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,504 shares of the construction company’s stock valued at $1,874,000 after purchasing an additional 1,644 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Lennar by 35.8% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,396 shares of the construction company’s stock worth $208,000 after buying an additional 368 shares during the last quarter. Dakota Wealth Management acquired a new stake in Lennar during the 2nd quarter valued at approximately $201,000. Fifth Third Bancorp increased its stake in shares of Lennar by 8.5% in the second quarter. Fifth Third Bancorp now owns 11,650 shares of the construction company’s stock worth $1,746,000 after acquiring an additional 915 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Lennar by 5.7% during the second quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.36% of the company’s stock.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio is currently 13.25%.

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.