Lennar (NYSE:LEN) Receives "Neutral" Rating from Wedbush

Lennar (NYSE:LEN - Get Free Report)'s stock had its "neutral" rating restated by research analysts at Wedbush in a research report issued on Thursday,Benzinga reports. They currently have a $164.00 target price on the construction company's stock. Wedbush's price target suggests a potential upside of 18.50% from the company's previous close. Wedbush also issued estimates for Lennar's Q3 2026 earnings at $4.43 EPS.

Other equities research analysts have also recently issued reports about the company. Zelman & Associates raised Lennar from a "neutral" rating to an "outperform" rating in a research report on Monday, September 23rd. Citigroup upped their price target on shares of Lennar from $164.00 to $196.00 and gave the stock a "neutral" rating in a report on Monday, September 23rd. JMP Securities raised their price target on shares of Lennar from $170.00 to $210.00 and gave the company a "market outperform" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut their target price on Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. Finally, Barclays lowered Lennar from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $210.00 to $181.00 in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $182.88.

Lennar Stock Performance

Lennar stock traded down $7.53 during trading hours on Thursday, reaching $138.40. 6,265,438 shares of the company were exchanged, compared to its average volume of 2,078,386. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $170.57 and a 200 day moving average of $169.80. Lennar has a 12 month low of $135.21 and a 12 month high of $193.80. The firm has a market cap of $37.54 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.31 and a beta of 1.61.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period last year, the firm earned $4.82 EPS. Lennar's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Lennar will post 14.11 earnings per share for the current year.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.36% of the stock is currently owned by company insiders.

Institutional Trading of Lennar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moors & Cabot Inc. raised its position in shares of Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company's stock valued at $577,000 after buying an additional 66 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company's stock worth $551,000 after acquiring an additional 71 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Lennar by 5.0% during the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company's stock valued at $231,000 after buying an additional 74 shares during the last quarter. Commerce Bank increased its position in Lennar by 0.5% during the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company's stock valued at $2,826,000 after purchasing an additional 74 shares during the period. Finally, Jupiter Wealth Management LLC lifted its position in Lennar by 1.0% during the third quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company's stock valued at $1,437,000 after acquiring an additional 75 shares during 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.