FY2027 Earnings Forecast for Lennar Issued By Zacks Research

Lennar Co. (NYSE:LEN) – Stock analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for shares of Lennar in a report released on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings of $16.14 per share for the year, up from their previous estimate of $16.12. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share.

A number of other equities research analysts have also weighed in on the company. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered shares of Lennar from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $152.00 to $141.00 in a research note on Tuesday, March 11th. Barclays cut their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Finally, BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and a consensus target price of $164.53.

Lennar Stock Down 4.1 %

Shares of LEN opened at $115.09 on Friday. The firm has a fifty day moving average price of $126.09 and a 200-day moving average price of $153.48. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $30.56 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar has a 12-month low of $111.26 and a 12-month high of $187.61.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC raised its stake in shares of Lennar by 147.6% during the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares during the last quarter. Polianta Ltd purchased a new position in Lennar during the 4th quarter worth $900,000. Nordea Investment Management AB lifted its stake in shares of Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Lennar by 13.8% in the third quarter. Daiwa Securities Group Inc. now owns 30,278 shares of the construction company’s stock valued at $5,677,000 after acquiring an additional 3,674 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Lennar by 71.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company’s stock worth $2,686,000 after acquiring an additional 5,981 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.74%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

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.