Zacks Research Comments on Lennar’s Q2 Earnings (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Research analysts at Zacks Research upped their Q2 2026 earnings per share estimates for Lennar in a research report issued to clients and investors on Tuesday, June 10th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings per share of $2.05 for the quarter, up from their previous forecast of $2.04. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the company earned $2.57 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year.

A number of other research analysts have also recently commented on LEN. Wells Fargo & Company lowered their price target on Lennar from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Bank of America lowered their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Royal Bank of Canada reduced their price objective on Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Monday, March 24th. UBS Group reduced their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $150.07.

Lennar Stock Down 3.2%

NYSE LEN opened at $108.52 on Friday. The stock’s 50 day moving average is $107.85 and its 200 day moving average is $123.98. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar has a 12 month low of $98.42 and a 12 month high of $187.61. The stock has a market cap of $28.63 billion, a PE ratio of 7.57, a P/E/G ratio of 1.24 and a beta of 1.33.

Institutional Investors Weigh In On Lennar

Several hedge funds have recently made changes to their positions in LEN. Brighton Jones LLC lifted its holdings in shares of Lennar by 27.9% in the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after buying an additional 377 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Lennar by 6.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,239 shares of the construction company’s stock worth $442,000 after buying an additional 189 shares during the period. Sovran Advisors LLC purchased a new stake in shares of Lennar during the 4th quarter worth $409,000. ABC Arbitrage SA purchased a new stake in shares of Lennar during the 4th quarter worth $3,701,000. Finally, Myriad Asset Management US LP purchased a new stake in shares of Lennar during the 4th quarter worth $2,187,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Wednesday, April 23rd. Lennar’s dividend payout ratio is 14.57%.

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.