Lennar’s (LEN) Neutral Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Lennar (NYSE:LEN) in a research note published on Thursday,Benzinga reports. Wedbush currently has 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.

A number of other brokerages have also recently weighed in on LEN. Royal Bank of Canada raised their price target on Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research report on Monday, September 23rd. Bank of America lifted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Wells Fargo & Company lowered their price target on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods lifted their price objective on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Lennar currently has a consensus rating of “Hold” and an average target price of $175.94.

Lennar Stock Down 0.2 %

Lennar stock opened at $138.08 on Thursday. The stock’s 50 day moving average price is $168.98 and its 200 day moving average price is $169.51. The company has a market cap of $37.45 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar has a 1-year low of $135.21 and a 1-year high of $193.80.

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 analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period last year, the company earned $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Lennar will post 14.11 EPS for the current fiscal year.

Lennar Dividend Announcement

The business 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. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Insider Transactions at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s 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 completion of the sale, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LEN. D1 Capital Partners L.P. raised its stake in shares of 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 valued at $362,685,000 after acquiring an additional 1,962,447 shares during the period. Holocene Advisors LP purchased a new position in Lennar in the third quarter valued at about $115,229,000. Pacer Advisors Inc. lifted its stake 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 worth $452,886,000 after purchasing an additional 396,951 shares in the last quarter. KBC Group NV boosted its position in shares of Lennar by 258.3% in the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after buying an additional 356,731 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Lennar by 20.9% in the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock valued at $302,084,000 after buying an additional 348,553 shares in the last quarter. 81.10% of the stock is 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.