Wells Fargo & Company Cuts Lennar (NYSE:LEN) Price Target to $100.00

Lennar (NYSE:LEN) had its price target lowered by Wells Fargo & Company from $105.00 to $100.00 in a research report report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Several other equities analysts also recently commented on LEN. Evercore downgraded shares of Lennar from an “in-line” rating to an “underperform” rating and lowered their price objective for the company from $114.00 to $92.00 in a research note on Thursday, December 18th. Royal Bank Of Canada set a $88.00 target price on Lennar in a research note on Friday, January 9th. Wall Street Zen lowered Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. The Goldman Sachs Group dropped their price objective on Lennar from $125.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Finally, Truist Financial cut their price objective on Lennar from $110.00 to $95.00 and set a “hold” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lennar has a consensus rating of “Reduce” and an average price target of $102.07.

Lennar Price Performance

Shares of Lennar stock opened at $94.57 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. Lennar has a one year low of $92.17 and a one year high of $144.24. The business’s 50 day simple moving average is $111.96 and its two-hundred day simple moving average is $118.84. The stock has a market capitalization of $23.36 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the company posted $2.14 EPS. Analysts forecast that Lennar will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 annualized dividend and a yield of 2.1%. Lennar’s dividend payout ratio (DPR) is 28.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Guerra Advisors Inc purchased a new position in shares of Lennar in the 3rd quarter valued at approximately $25,000. Redmont Wealth Advisors LLC purchased a new stake in Lennar in the third quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Lennar in the third quarter worth $25,000. DV Equities LLC bought a new position in Lennar in the fourth quarter worth $31,000. Finally, High Point Wealth Management LLC purchased a new position in Lennar during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Potential value unlock from Miami‑Dade rezoning — Lennar is pursuing rezoning of a Miami‑Dade site for townhouses, which could improve density and margins on that land parcel if approved. Lennar could rezone Miami‑Dade site for townhouses
• Positive Sentiment: Short-term positive reaction to analyst target changes earlier this week — some coverage adjustments briefly lifted the stock intraday as investors re‑priced forward expectations. Why Is Lennar Corporation Stock Trading Higher Today?
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target to $105 and set a “market perform” rating — the new target still implies modest upside vs. current levels but signals a cautious stance. Benzinga
• Neutral Sentiment: Citigroup lowered its target to $104 and moved to “neutral,” another sign of more muted expectations from Street analysts. Benzinga
• Negative Sentiment: Quarterly miss — Lennar reported $0.88 EPS (vs. ~ $0.95 consensus) and revenue of $6.619B (vs. ~ $6.88B consensus). The top‑line decline and earnings miss are the primary fundamental reasons investors are retrenching. Earnings and revenue miss details
• Negative Sentiment: Bearish sell‑side notes — Truist and UBS issued pessimistic forecasts for LEN, adding downward pressure by signaling weaker outlooks from major brokers. Truist forecast UBS forecast
• Negative Sentiment: Local opposition/regulatory risk — Resident pushback against Lennar projects (e.g., Hill Country coverage) highlights execution and permitting risks that can delay projects and increase costs. Hill Country opposition

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.