Corient Private Wealth LP Grows Stock Holdings in Lennar Corporation $LEN

Key Points

• Corient Private Wealth increased its Lennar stake by 24.7% in the second quarter, bringing its holdings to 82,261 shares valued at approximately $7.44 million. Institutional investors collectively own 81.1% of Lennar’s stock.
• Lennar’s latest quarterly results fell short of expectations: EPS was $1.23 versus a $1.29 consensus estimate, while revenue declined 8.7% year over year to $8.05 billion. The company’s net margin was 4.09% and return on equity was 6.13%.
• The company pays a quarterly dividend of $0.50 per share, equal to an annualized $2.00 dividend and a 2.5% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $91.

Corient Private Wealth LP lifted its stake in shares of Lennar Corporation (NYSE:LEN - Free Report) by 24.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,261 shares of the construction company's stock after acquiring an additional 16,299 shares during the quarter. Corient Private Wealth LP's holdings in Lennar were worth $7,444,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LEN. Janus Henderson Group PLC increased its position in Lennar by 19.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,546,970 shares of the construction company's stock valued at $221,176,000 after purchasing an additional 419,745 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its holdings in Lennar by 90.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company's stock worth $201,835,000 after purchasing an additional 934,856 shares in the last quarter. Swiss National Bank lifted its position in shares of Lennar by 4.8% during the first quarter. Swiss National Bank now owns 601,468 shares of the construction company's stock valued at $52,231,000 after buying an additional 27,500 shares during the last quarter. River Road Asset Management LLC boosted its holdings in shares of Lennar by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company's stock valued at $47,462,000 after buying an additional 43,186 shares in the last quarter. Finally, National Pension Service grew its position in shares of Lennar by 4.7% in the 4th quarter. National Pension Service now owns 445,407 shares of the construction company's stock worth $45,788,000 after buying an additional 19,878 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Trading Up 1.7%

NYSE:LEN opened at $79.72 on Friday. The company has a market capitalization of $19.21 billion, a P/E ratio of 15.07, a PEG ratio of 2.63 and a beta of 1.39. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Lennar Corporation has a 12 month low of $76.07 and a 12 month high of $134.07. The firm has a fifty day simple moving average of $84.31 and a 200-day simple moving average of $88.54.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.06). Lennar had a return on equity of 6.13% and a net margin of 4.09%.The firm had revenue of $8.05 billion during the quarter, compared to analysts' expectations of $8.32 billion. During the same quarter last year, the business earned $2.29 EPS. The business's revenue was down 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Lennar Corporation will post 5.46 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. Lennar's payout ratio is 37.81%.

Analyst Ratings Changes

Several brokerages have weighed in on LEN. Citigroup lowered their target price on shares of Lennar from $104.00 to $88.00 and set a "neutral" rating for the company in a research note on Wednesday, July 15th. Truist Financial lowered their price objective on Lennar from $80.00 to $75.00 and set a "hold" rating for the company in a research report on Wednesday. Argus set a $108.00 target price on Lennar in a research note on Thursday, July 9th. Benchmark upgraded Lennar to a "hold" rating in a research note on Thursday, September 3rd. Finally, Zacks Research downgraded Lennar from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and ten have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $91.00.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar repurchased 3 million shares for $256 million, redeemed $400 million of senior notes and maintained a relatively conservative homebuilding debt-to-capital ratio of 16.6%. These actions may provide some support for earnings per share and signal balance-sheet discipline. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: Lennar continues expanding its community footprint, including new developments in Alabama and California and a 444-lot purchase near Taiwan Semiconductor Manufacturing Company’s planned Phoenix-area project. These investments could support longer-term growth, though they are unlikely to offset near-term housing weakness. Lennar Opens Two New Communities
• Neutral Sentiment: Citizens JMP reaffirmed its “market perform” rating, indicating analysts see limited near-term upside catalysts while awaiting improved affordability and demand conditions. Analyst Commentary on Lennar
• Negative Sentiment: Fourth-quarter EPS guidance of $1.30–$1.65 is well below the roughly $1.99 consensus estimate, suggesting continued margin and demand pressure. Lennar Guides Below-Consensus Earnings
• Negative Sentiment: Third-quarter EPS fell to $1.19 from $2.29 a year earlier and missed estimates, while revenue declined 8.7% to $8.05 billion. New orders fell 9%, deliveries declined 3%, and gross margin contracted to 15.8% from 17.5%. Lennar Profit Halves as Mortgage Rates Pressure Homebuyers
• Negative Sentiment: Lennar reduced its full-year delivery target to 80,000–81,000 homes from 82,000–83,000, below analyst expectations. The lower forecast reinforces concerns that elevated mortgage rates are worsening the affordability squeeze and limiting homebuyer demand. Lennar Cuts Deliveries Target

Lennar Company Profile

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country's major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.

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