Lennar (NYSE:LEN) Receives "Neutral" Rating from Wedbush

Wedbush reissued their neutral rating on shares of Lennar (NYSE:LEN - Free Report) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $130.00 price objective on the construction company's stock. Wedbush also issued estimates for Lennar's Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $2.13 EPS and Q3 2026 earnings at $2.50 EPS.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada dropped their price target on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Wall Street Zen upgraded Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Zelman & Associates downgraded Lennar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lennar currently has a consensus rating of "Hold" and a consensus target price of $132.50.

Lennar Stock Performance

Shares of LEN stock traded up $2.95 on Wednesday, hitting $106.36. 5,779,425 shares of the stock traded hands, compared to its average volume of 2,674,888. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.68. The company has a market capitalization of $28.06 billion, a PE ratio of 8.80, a PEG ratio of 2.82 and a beta of 1.33. Lennar has a 1-year low of $98.42 and a 1-year high of $187.61. The company's fifty day moving average is $107.78 and its 200 day moving average is $121.62.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.04). The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.45 earnings per share. On average, equities research analysts predict that Lennar will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.88%. Lennar's payout ratio is 16.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Lennar by 45.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company's stock valued at $1,020,866,000 after buying an additional 2,777,567 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Lennar by 3.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock valued at $834,115,000 after buying an additional 213,003 shares in the last quarter. Wellington Management Group LLP boosted its stake in Lennar by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after buying an additional 515,378 shares in the last quarter. Brave Warrior Advisors LLC boosted its stake in Lennar by 23.4% during the first quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company's stock valued at $251,323,000 after buying an additional 415,218 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in Lennar during the fourth quarter valued at about $218,533,000. 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.