Seaport Res Ptn Weighs in on Lennar Co.’s FY2025 Earnings (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Seaport Res Ptn lowered their FY2025 earnings per share (EPS) estimates for Lennar in a research report issued on Sunday, October 6th. Seaport Res Ptn analyst K. Zener now expects that the construction company will earn $15.57 per share for the year, down from their previous forecast of $15.66. The consensus estimate for Lennar’s current full-year earnings is $14.13 per share.

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

LEN has been the subject of several other research reports. Keefe, Bruyette & Woods raised their target price on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Bank Of America (Bofa) lifted their target price on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company lowered shares of Lennar from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $205.00 to $190.00 in a research report on Monday. Royal Bank of Canada boosted their price objective on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research report on Monday, September 23rd. Finally, StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $181.11.

Lennar Trading Down 0.2 %

Lennar stock opened at $181.96 on Tuesday. The company has a 50 day moving average price of $179.65 and a 200 day moving average price of $165.70. 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 has a 52 week low of $102.90 and a 52 week high of $193.80. The firm has a market capitalization of $49.97 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 1.71 and a beta of 1.61.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. Lennar’s payout ratio is currently 13.60%.

Hedge Funds Weigh In On Lennar

A number of institutional investors have recently modified their holdings of the company. D1 Capital Partners L.P. grew its stake in Lennar by 428.9% in the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after buying an additional 1,962,447 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Lennar by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Lennar in the first quarter valued at approximately $61,807,000. Jacobs Levy Equity Management Inc. grew its position in Lennar by 157.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock worth $98,889,000 after purchasing an additional 351,698 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Lennar by 20.9% during the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock worth $302,084,000 after buying an additional 348,553 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

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.