Lennar (NYSE:LEN) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Lennar's stock rating from a strong sell to a hold in a recent report, with estimated earnings per share for FY2026 predicted to be $10.15.
• Several other analysts have lowered their price targets for Lennar, with the consensus target price now at $130.77, while maintaining a majority hold rating on the stock.
• Lennar reported quarterly earnings of $1.90 per share, slightly missing estimates, with a total revenue of $8.38 billion, which is a 4.4% decline year-over-year.

Lennar (NYSE:LEN - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Lennar's Q2 2026 earnings at $1.96 EPS, Q3 2026 earnings at $2.86 EPS, Q4 2026 earnings at $3.63 EPS, FY2026 earnings at $10.15 EPS, Q1 2027 earnings at $1.90 EPS, Q2 2027 earnings at $2.09 EPS, Q3 2027 earnings at $3.24 EPS and FY2027 earnings at $11.08 EPS.

A number of other equities research analysts have also recently issued reports on LEN. Barclays dropped their target price on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Royal Bank Of Canada dropped their target price on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating for the company in a research report on Wednesday, June 18th. Wall Street Zen cut shares of Lennar from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. JMP Securities dropped their target price on shares of Lennar from $150.00 to $130.00 and set a "market outperform" rating for the company in a research report on Friday, June 20th. Finally, Wells Fargo & Company increased their target price on shares of Lennar from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Lennar currently has an average rating of "Hold" and an average target price of $130.77.

Lennar Price Performance

Shares of NYSE:LEN traded down $2.90 during midday trading on Monday, reaching $137.19. 2,852,061 shares of the company's stock were exchanged, compared to its average volume of 2,951,826. The company's 50 day simple moving average is $124.07 and its two-hundred day simple moving average is $115.60. The firm has a market capitalization of $35.53 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 5.95 and a beta of 1.33. Lennar has a 12 month low of $98.42 and a 12 month high of $193.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65.

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

Institutional Investors Weigh In On Lennar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new stake in shares of Lennar during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Lennar during the 1st quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in shares of Lennar during the 1st quarter worth approximately $33,000. FNY Investment Advisers LLC acquired a new stake in shares of Lennar during the 2nd quarter worth approximately $33,000. Finally, Franchise Capital Ltd acquired a new stake in shares of Lennar during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 81.10% of the company's stock.

About Lennar

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.