Wells Fargo & Company Cuts Lennar (NYSE:LEN) Price Target to $105.00

Lennar (NYSE:LEN) had its price objective cut by Wells Fargo & Company from $110.00 to $105.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

LEN has been the subject of several other research reports. Wall Street Zen cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. BTIG Research set a $90.00 price objective on Lennar in a report on Thursday, December 18th. JPMorgan Chase & Co. lowered their target price on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, December 18th. Keefe, Bruyette & Woods reduced their price target on Lennar from $125.00 to $115.00 and set a “market perform” rating for the company in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lennar in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $106.54.

Lennar Price Performance

Shares of NYSE LEN opened at $109.49 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. The firm has a market capitalization of $27.92 billion, a PE ratio of 13.70, a P/E/G ratio of 1.13 and a beta of 1.42. Lennar has a 1-year low of $98.42 and a 1-year high of $144.24. The business’s fifty day moving average price is $117.05 and its two-hundred day moving average price is $121.19.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the firm posted $4.03 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. On average, research analysts expect that Lennar will post 12.48 EPS for the current year.

Hedge Funds Weigh In On Lennar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC raised its stake in Lennar by 36.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,897 shares of the construction company’s stock valued at $606,000 after purchasing an additional 1,561 shares during the period. Tounjian Advisory Partners LLC purchased a new position in shares of Lennar during the fourth quarter valued at $2,599,000. Asset Management Advisors LLC raised its position in Lennar by 30.1% during the fourth quarter. Asset Management Advisors LLC now owns 71,542 shares of the construction company’s stock valued at $7,355,000 after buying an additional 16,560 shares during the period. Catherine Avery Investment Management LLC lifted its stake in Lennar by 13.3% in the 4th quarter. Catherine Avery Investment Management LLC now owns 31,545 shares of the construction company’s stock worth $3,243,000 after acquiring an additional 3,702 shares in the last quarter. Finally, AIA Group Ltd boosted its position in Lennar by 134.5% during the 3rd quarter. AIA Group Ltd now owns 23,124 shares of the construction company’s stock worth $2,915,000 after acquiring an additional 13,264 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar sold majority control of its struggling multifamily business to TPG, which should reduce ongoing losses and capital needs for Lennar while bringing in an institutional partner and cash. This strategic move is the main positive catalyst supporting the stock today. Lennar sells majority control of multifamily division to TPG
• Neutral Sentiment: Local planning friction: a proposed additional development near Helotes Creek is drawing community scrutiny — contains localized project risk but limited broader corporate impact. Proposal near Helotes Creek draws scrutiny
• Neutral Sentiment: Industry note — Barron’s highlights that homebuilders have momentum but may need to offer buyer incentives to sustain it; this is a market-level tailwind/conditional factor rather than company-specific news. Home Builder Stocks Are Off to a Good Start
• Negative Sentiment: Analyst downgrades and price-target cuts have picked up: Citigroup cut its target from $133 to $113 and put a neutral rating on LEN, Wells Fargo trimmed its target to $105, and UBS issued a downgrade — these moves tighten near-term upside and reflect disappointment after Lennar’s underwhelming quarter. Citigroup cuts LEN target Wells Fargo lowers target to $105 UBS downgrades LEN
• Negative Sentiment: Zacks issued a lower FY2028 EPS estimate (about $10.17 vs. the consensus near $12.48) and Citizens/JMP has moved Lennar to/kept it at market-perform after a weak Q4 — these lower estimates and conservative ratings increase downside risk until guidance or results improve. Zacks FY2028 estimate Citizens/JMP market perform

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.