Wedbush Issues Pessimistic Estimate for Lennar Earnings

Lennar Corporation (NYSE:LEN) – Wedbush reduced their Q1 2026 earnings per share (EPS) estimates for Lennar in a note issued to investors on Tuesday, June 17th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $1.65 for the quarter, down from their prior forecast of $1.85. Wedbush has a “Neutral” rating and a $130.00 price objective 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 Q2 2026 earnings at $2.13 EPS and Q3 2026 earnings at $2.50 EPS.

LEN has been the subject of several other research reports. Barclays decreased their price target on shares of Lennar from $110.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday. Wall Street Zen raised shares of Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group reduced their price objective on shares of Lennar from $164.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Zelman & Associates downgraded shares of Lennar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Sixteen analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.60.

Lennar Stock Performance

Lennar stock opened at $103.37 on Thursday. The company has a 50 day moving average price of $107.76 and a 200-day moving average price of $122.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.68 and a current ratio of 3.65. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a market capitalization of $27.27 billion, a PE ratio of 8.55, a P/E/G ratio of 2.82 and a beta of 1.33.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.04). The firm had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.45 EPS.

Institutional Investors Weigh In On Lennar

A number of large investors have recently made changes to their positions in LEN. Howard Capital Management Inc. lifted its position in Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company’s stock valued at $3,932,000 after purchasing an additional 81 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Lennar by 1.2% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company’s stock worth $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% during the 1st quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company’s stock worth $747,000 after purchasing an additional 93 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Lennar by 1.1% during 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 during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Lennar by 3.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company’s stock worth $436,000 after purchasing an additional 96 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar’s dividend payout ratio (DPR) is presently 16.54%.

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.