Lennar (NYSE:LEN) Upgraded at Zacks Research

Zacks Research upgraded shares of Lennar (NYSE:LEN) from a strong sell rating to a hold rating in a report published on Monday morning,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 brokerages have also commented on LEN. Zelman & Associates lowered shares of Lennar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 18th. Bank of America cut their price objective on shares of Lennar from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, June 18th. Royal Bank Of Canada cut their price objective 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. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Lennar in a research report on Wednesday, June 18th. Finally, Evercore ISI cut their price objective on shares of Lennar from $131.00 to $114.00 and set an “in-line” rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, Lennar has an average rating of “Hold” and an average target price of $130.77.

Lennar Stock Performance

Shares of NYSE LEN opened at $136.75 on Monday. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $122.94 and its two-hundred day moving average is $115.37. The company has a market cap of $35.42 billion, a P/E ratio of 11.31, a P/E/G ratio of 5.83 and a beta of 1.33. Lennar has a 12 month low of $98.42 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.04). The business had revenue of $8.38 billion during 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%.The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.45 earnings per share. On average, equities analysts expect that Lennar will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.5%. Lennar’s payout ratio is currently 16.54%.

Institutional Trading of Lennar

Several institutional investors have recently bought and sold shares of the stock. Secured Retirement Advisors LLC acquired a new stake in shares of Lennar during the first quarter worth approximately $926,000. Marks Group Wealth Management Inc increased its holdings in shares of Lennar by 15.4% during the first quarter. Marks Group Wealth Management Inc now owns 2,183 shares of the construction company’s stock worth $251,000 after buying an additional 292 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Lennar by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company’s stock worth $23,962,000 after buying an additional 4,332 shares in the last quarter. Turtle Creek Wealth Advisors LLC increased its holdings in shares of Lennar by 24.8% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company’s stock worth $4,825,000 after buying an additional 8,357 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Lennar by 77.7% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company’s stock worth $419,000 after buying an additional 1,596 shares in the last quarter. 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.