Equities Analysts Issue Forecasts for Lennar FY2027 Earnings

Lennar Co. (NYSE:LEN - Free Report) - Investment analysts at Zacks Research boosted their FY2027 earnings per share (EPS) estimates for shares of Lennar in a research note issued 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 brokerages have also commented on LEN. Evercore ISI reissued an "in-line" rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a research report on Monday. Royal Bank of Canada dropped their target price on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a report on Monday. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, December 23rd. Finally, Bank of America lowered their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $154.73.

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Lennar Stock Up 1.4 %

Shares of Lennar stock traded up $1.63 during trading on Friday, reaching $116.85. The stock had a trading volume of 1,305,789 shares, compared to its average volume of 2,359,931. 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 company has a market capitalization of $31.03 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar has a 52 week low of $111.26 and a 52 week high of $187.61. The stock has a fifty day moving average price of $126.09 and a two-hundred day moving average price of $153.13.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.57 earnings per share.

Institutional Investors Weigh In On Lennar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in shares of Lennar by 3.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock worth $834,115,000 after buying an additional 213,003 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Lennar by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company's stock worth $1,106,798,000 after acquiring an additional 73,638 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock valued at $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after purchasing an additional 515,378 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock worth $308,696,000 after purchasing an additional 397,492 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.71%. Lennar's dividend payout ratio is 13.95%.

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.