Lennar Corporation $LEN Shares Sold by Eminence Capital LP

Key Points

• Eminence Capital LP cut its Lennar stake by 32.3%, selling 474,595 shares to hold 993,224 shares (about 0.39% of LEN) valued at roughly $125.2 million, making LEN its 28th-largest holding.
• Lennar missed Q1 expectations with $0.88 EPS vs. $0.95 est. and $6.62B revenue (down 13.3% YoY); management guided Q2 deliveries to ~20,000–21,000 homes, repurchased ~2M shares (~$237M) and held ~$2.1B in homebuilding cash, but Street sentiment remains cautious with a consensus rating of "Reduce" and an average target of $106.14.
• Shares trade near $95 with a market cap of ~$23.5B and a PE of 13.65; Lennar pays a $0.50 quarterly dividend ($2.00 annual, ~2.1% yield) and has a 12‑month range of $92.17–$144.24.

Eminence Capital LP decreased its position in Lennar Corporation (NYSE:LEN - Free Report) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 993,224 shares of the construction company's stock after selling 474,595 shares during the quarter. Lennar accounts for about 1.5% of Eminence Capital LP's investment portfolio, making the stock its 28th largest holding. Eminence Capital LP owned approximately 0.39% of Lennar worth $125,186,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Guerra Advisors Inc acquired a new stake in Lennar during the 3rd quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in Lennar in the 3rd quarter valued at about $26,000. Rexford Capital Inc. purchased a new position in Lennar in the 2nd quarter valued at about $36,000. Washington Trust Advisors Inc. grew its stake in shares of Lennar by 102.7% during the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company's stock valued at $47,000 after acquiring an additional 188 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Lennar by 39.7% during the third quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company's stock worth $51,000 after acquiring an additional 115 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of LEN opened at $95.01 on Friday. The stock has a market capitalization of $23.47 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The business's fifty day moving average price is $112.52 and its 200 day moving average price is $119.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. Lennar Corporation has a 12-month low of $92.17 and a 12-month high of $144.24.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.07). Lennar had a return on equity of 7.76% and a net margin of 5.39%.The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period last year, the company posted $2.14 earnings per share. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Lennar's dividend payout ratio (DPR) is currently 28.74%.

Key Lennar News

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Management guided fiscal Q2 deliveries to roughly 20,000–21,000 homes and expects home-sales gross margin to tick up to 15.5%–16.0% (from 15.2% in Q1), signaling modest margin improvement into the spring selling season. Lennar shares rise as investors digest Q1 results and upbeat Q2 delivery outlook
• Positive Sentiment: The company repurchased about 2 million shares for $237 million during the quarter and ended with roughly $2.1 billion of homebuilding cash and no borrowings on its revolver — supporting buyback-driven EPS support and liquidity resilience. Lennar shares rise as investors digest Q1 results and upbeat Q2 delivery outlook
• Positive Sentiment: Operational stability: new home orders were up about 1% year-over-year to ~18,500 homes and backlog remained meaningful (~15,588 homes, ~ $6.0B), suggesting order stability even as market demand softens. Lennar's Q1 Earnings & Revenues Miss, New Home Orders Up Y/Y
• Neutral Sentiment: Policy noise: President Trump signed executive orders intended to ease housing construction and expand mortgage access, but homebuilder stocks (including LEN) showed little immediate reaction — a weak near-term catalyst. Trump Signs Housing Orders. Home Builder Stocks Shrug.
• Neutral Sentiment: Street sentiment remains mixed/tilted cautious — recent consensus analyst stance is around "Reduce" with a median 6‑month target near $107.5, leaving valuation upside/downside dependent on macro and incentive trends. Lennar Corporation NYSE: LEN Receives Average Rating of "Reduce" from Analysts
• Negative Sentiment: Q1 financials missed consensus: adjusted EPS and revenues fell short (EPS ~ $0.88–0.93 vs. est. ~$0.95; revenue ~$6.6B vs. est. ~$6.9–7.0B), with revenue down ~13% YoY and net income sharply lower — a near-term drag on sentiment. Lennar Q1 earnings report summary
• Negative Sentiment: Deliveries and market pressure: reported home deliveries came in below guidance/consensus and incentives remain elevated (~double-digit levels in some reports), underscoring affordability headwinds that could compress margins if the market weakens further. Lennar Earnings Miss Is a Bad Sign for Home Builder Stocks—Even if They're Rising Today

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LEN. Argus raised Lennar to a "strong-buy" rating in a report on Friday, January 16th. Bank of America restated an "underperform" rating and set a $95.00 price objective (down from $125.00) on shares of Lennar in a report on Thursday, December 18th. Barclays reduced their target price on Lennar from $98.00 to $88.00 and set an "underweight" rating for the company in a research note on Thursday, December 18th. Weiss Ratings restated a "hold (c)" rating on shares of Lennar in a research note on Thursday, January 22nd. Finally, Evercore cut shares of Lennar from an "in-line" rating to an "underperform" rating and cut their price target for the company from $114.00 to $92.00 in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of "Reduce" and an average price target of $106.14.

About Lennar

Lennar Corporation NYSE: LEN is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.

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