Q3 Earnings Forecast for Lennar Issued By Wedbush

Lennar Co. (NYSE:LEN) – Equities research analysts at Wedbush issued their Q3 2026 earnings per share estimates for Lennar in a research note issued to investors on Thursday, December 12th. Wedbush analyst J. Mccanless anticipates that the construction company will earn $4.43 per share for the quarter. Wedbush currently has a “Neutral” rating and a $164.00 target price on the stock. The consensus estimate for Lennar’s current full-year earnings is $14.11 per share.

Several other brokerages have also issued reports on LEN. StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Bank Of America (Bofa) boosted their price target on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods lifted their target price on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Citigroup raised their price target on shares of Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, Barclays downgraded shares of Lennar from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $210.00 to $181.00 in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $183.76.

Lennar Stock Down 0.7 %

Lennar stock opened at $154.39 on Monday. The firm’s 50 day moving average price is $172.46 and its two-hundred day moving average price is $170.07. The firm has a market cap of $41.88 billion, a PE ratio of 10.22, a P/E/G ratio of 1.31 and a beta of 1.61. Lennar has a twelve month low of $140.65 and a twelve month high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 EPS.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, October 9th. Lennar’s payout ratio is presently 13.25%.

Insider Buying and Selling

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Lennar by 15.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,504 shares of the construction company’s stock worth $1,874,000 after acquiring an additional 1,644 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Lennar by 35.8% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,396 shares of the construction company’s stock valued at $208,000 after purchasing an additional 368 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Lennar in the 2nd quarter valued at approximately $201,000. Fifth Third Bancorp raised its holdings in shares of Lennar by 8.5% in the 2nd quarter. Fifth Third Bancorp now owns 11,650 shares of the construction company’s stock worth $1,746,000 after buying an additional 915 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Lennar by 5.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after buying an additional 74 shares during the period. 81.10% of the stock is owned by institutional investors.

Lennar Company Profile

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.