Wedbush Reiterates Neutral Rating for Lennar (NYSE:LEN)

Lennar (NYSE:LEN)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a research report issued on Thursday,Benzinga reports. They presently have a $164.00 price target on the construction company’s stock. Wedbush’s target price points to a potential upside of 12.38% from the company’s current price. Wedbush also issued estimates for Lennar’s Q3 2026 earnings at $4.43 EPS.

Several other research firms have also recently weighed in on LEN. Barclays cut shares of Lennar from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $210.00 to $181.00 in a research note on Wednesday, December 11th. Royal Bank of Canada upped their target price on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a report on Monday, September 23rd. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Wells Fargo & Company dropped their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Citigroup boosted their target price on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Lennar has an average rating of “Hold” and an average price target of $182.88.

Lennar Stock Down 3.7 %

Lennar stock opened at $145.93 on Thursday. The company has a fifty day simple moving average of $170.57 and a 200 day simple moving average of $169.80. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Lennar has a 1-year low of $140.65 and a 1-year high of $193.80. The company has a market cap of $39.58 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.82 EPS. Research analysts anticipate that Lennar will post 14.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction 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 transaction, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. acquired a new stake in shares of Lennar in the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Lennar during the third quarter valued at approximately $30,000. Asset Dedication LLC grew its holdings in Lennar by 4,225.0% during the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Finally, DT Investment Partners LLC lifted its stake in Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after acquiring an additional 157 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.