Lennar (NYSE:LEN) Price Target Cut to $105.00 by Analysts at Keefe, Bruyette & Woods

Lennar (NYSE:LEN) had its price target trimmed by Keefe, Bruyette & Woods from $115.00 to $105.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the construction company’s stock.

A number of other research firms have also recently issued reports on LEN. Citizens Jmp restated a “market perform” rating on shares of Lennar in a report on Wednesday, January 7th. Royal Bank Of Canada set a $88.00 target price on shares of Lennar in a research note on Friday, January 9th. Truist Financial reduced their price target on shares of Lennar from $110.00 to $95.00 and set a “hold” rating for the company in a report on Monday. Weiss Ratings lowered shares of Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Zacks Research downgraded Lennar from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $102.07.

Lennar Price Performance

Shares of NYSE LEN opened at $94.57 on Wednesday. The company has a market capitalization of $23.36 billion, a PE ratio of 13.59, a P/E/G ratio of 2.03 and a beta of 1.43. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. Lennar has a twelve month low of $92.17 and a twelve month high of $144.24. The firm has a fifty day simple moving average of $111.96 and a 200 day simple moving average of $118.84.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Lennar will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. Lennar’s dividend payout ratio is currently 28.74%.

Institutional Investors Weigh In On Lennar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in shares of Lennar by 7.1% during the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock worth $141,000 after buying an additional 85 shares during the period. Zions Bancorporation National Association UT increased its position in shares of Lennar by 8.3% in the 3rd quarter. Zions Bancorporation National Association UT now owns 1,127 shares of the construction company’s stock valued at $142,000 after acquiring an additional 86 shares during the period. RFG Advisory LLC raised its stake in Lennar by 2.1% in the 3rd quarter. RFG Advisory LLC now owns 4,255 shares of the construction company’s stock worth $536,000 after acquiring an additional 87 shares during the last quarter. Rossby Financial LCC grew its stake in Lennar by 9.1% during the 4th quarter. Rossby Financial LCC now owns 1,059 shares of the construction company’s stock valued at $109,000 after purchasing an additional 88 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Lennar by 6.2% in the third quarter. UMB Bank n.a. now owns 1,595 shares of the construction company’s stock valued at $201,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

More Lennar News

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Potential value unlock from Miami‑Dade rezoning — Lennar is pursuing rezoning of a Miami‑Dade site for townhouses, which could improve density and margins on that land parcel if approved. Lennar could rezone Miami‑Dade site for townhouses
• Positive Sentiment: Short-term positive reaction to analyst target changes earlier this week — some coverage adjustments briefly lifted the stock intraday as investors re‑priced forward expectations. Why Is Lennar Corporation Stock Trading Higher Today?
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target to $105 and set a “market perform” rating — the new target still implies modest upside vs. current levels but signals a cautious stance. Benzinga
• Neutral Sentiment: Citigroup lowered its target to $104 and moved to “neutral,” another sign of more muted expectations from Street analysts. Benzinga
• Negative Sentiment: Quarterly miss — Lennar reported $0.88 EPS (vs. ~ $0.95 consensus) and revenue of $6.619B (vs. ~ $6.88B consensus). The top‑line decline and earnings miss are the primary fundamental reasons investors are retrenching. Earnings and revenue miss details
• Negative Sentiment: Bearish sell‑side notes — Truist and UBS issued pessimistic forecasts for LEN, adding downward pressure by signaling weaker outlooks from major brokers. Truist forecast UBS forecast
• Negative Sentiment: Local opposition/regulatory risk — Resident pushback against Lennar projects (e.g., Hill Country coverage) highlights execution and permitting risks that can delay projects and increase costs. Hill Country opposition

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.