Wedbush Weighs in on Lennar's Q1 Earnings (NYSE:LEN)

Key Points

• Wedbush analysts revised Lennar's Q1 2027 earnings per share estimate from $1.80 to $1.77, maintaining a "Neutral" rating with a $130.00 price target.
• Lennar's recent quarterly earnings showed $2.29 EPS, surpassing the consensus estimate of $2.14, despite a 6.4% revenue decline year-over-year.
• Institutional investors currently hold 81.10% of Lennar's stock, reflecting significant confidence in the construction company amid mixed analyst ratings.

Lennar Corporation (NYSE:LEN - Free Report) - Analysts at Wedbush lowered their Q1 2027 earnings per share estimates for Lennar in a note issued to investors on Monday, September 22nd. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $1.77 for the quarter, down from their previous forecast of $1.80. Wedbush currently has a "Neutral" rating and a $130.00 price target on the stock. The consensus estimate for Lennar's current full-year earnings is $12.48 per share. Wedbush also issued estimates for Lennar's Q3 2027 earnings at $2.83 EPS and FY2027 earnings at $9.75 EPS.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.15. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The company had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $9.01 billion. During the same period in the previous year, the company posted $3.90 EPS. Lennar's revenue was down 6.4% compared to the same quarter last year.

LEN has been the topic of a number of other research reports. Wall Street Zen lowered Lennar from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Citigroup restated an "outperform" rating on shares of Lennar in a research note on Monday. Evercore ISI upped their price objective on Lennar from $114.00 to $118.00 and gave the stock an "in-line" rating in a report on Monday. UBS Group raised their target price on Lennar from $146.00 to $161.00 and gave the company a "buy" rating in a report on Monday. Finally, Zacks Research raised shares of Lennar from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $123.25.

Lennar Trading Down 4.3%

Shares of Lennar stock opened at $121.90 on Tuesday. The firm has a market cap of $31.57 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 5.40 and a beta of 1.33. Lennar has a 52-week low of $98.42 and a 52-week high of $189.65. The company's 50-day simple moving average is $126.15 and its 200-day simple moving average is $115.89. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15.

Institutional Trading of Lennar

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in Lennar by 7.1% in the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company's stock worth $141,000 after acquiring an additional 85 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Lennar by 1.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company's stock valued at $886,000 after acquiring an additional 89 shares in the last quarter. NorthRock Partners LLC raised its position in shares of Lennar by 1.4% in the 1st quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company's stock valued at $747,000 after purchasing an additional 93 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Lennar by 1.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company's stock worth $1,015,000 after purchasing an additional 95 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in Lennar by 2.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company's stock worth $549,000 after purchasing an additional 107 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.

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