Palumbo Wealth Management LLC Cuts Stock Position in Lennar Corporation $LEN

Palumbo Wealth Management LLC cut its holdings in shares of Lennar Corporation (NYSE:LEN) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,861 shares of the construction company’s stock after selling 7,876 shares during the period. Palumbo Wealth Management LLC’s holdings in Lennar were worth $1,322,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of Lennar by 7.1% during the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock worth $141,000 after buying an additional 85 shares during the period. Zions Bancorporation National Association UT increased its stake in shares of Lennar by 8.3% during the third quarter. Zions Bancorporation National Association UT now owns 1,127 shares of the construction company’s stock worth $142,000 after buying an additional 86 shares during the period. RFG Advisory LLC increased its stake in shares of Lennar by 2.1% during the third quarter. RFG Advisory LLC now owns 4,255 shares of the construction company’s stock worth $536,000 after buying an additional 87 shares during the period. UMB Bank n.a. increased its stake in shares of Lennar by 6.2% during the third quarter. UMB Bank n.a. now owns 1,595 shares of the construction company’s stock worth $201,000 after buying an additional 93 shares during the period. Finally, ORG Wealth Partners LLC increased its stake in shares of Lennar by 5.2% during the third quarter. ORG Wealth Partners LLC now owns 2,072 shares of the construction company’s stock worth $261,000 after buying an additional 102 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LEN. Royal Bank Of Canada set a $88.00 target price on shares of Lennar in a research note on Friday, January 9th. Argus upgraded shares of Lennar to a “strong-buy” rating in a research note on Friday, January 16th. The Goldman Sachs Group cut their target price on shares of Lennar from $125.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. Citizens Jmp restated a “market perform” rating on shares of Lennar in a research note on Wednesday, January 7th. Finally, UBS Group dropped their price target on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, Lennar presently has an average rating of “Reduce” and an average target price of $101.14.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar is highlighted as a “deep-value” rebound candidate by MarketBeat — analysts note a strong balance sheet, below‑average forward P/E (~7x), and upside if mortgage rates improve. 3 Discounted Stocks With Strong Rebound Potential (LEN)
• Positive Sentiment: Ongoing land buys and lot acquisitions (Sacramento area, Elk Grove/Rancho Cordova/Vineyard; lot purchases from Terra Development) expand Lennar’s future inventory, supporting medium-term volume potential as markets recover. Lennar buys future home lots in Elk Grove, Rancho Cordova, Vineyard
• Neutral Sentiment: Local construction pipeline data (e.g., Huntsville area $532M in new starts) show continued regional building activity that could benefit national builders like Lennar if demand persists, though direct impact is unclear. $532 million in new construction started in the Huntsville area
• Neutral Sentiment: Smaller lot-sale press releases (e.g., Terra Development 36-lot sale) reflect steady localized land transactions that support future build plans but are not immediate revenue drivers. Terra Development participates in 36 lot sales to Lennar
• Negative Sentiment: LEN shares were hit hard after the company missed Q1 revenue and EPS estimates and investors reacted to a steep March selloff; coverage and articles explain the 24% drawdown in March tied to the earnings disappointment. Why Lennar Corporation Stock Fell 24.1% In March
• Negative Sentiment: Analysts are trimming forecasts: Zacks cut Q4 2027, FY2027 and FY2028 EPS estimates substantially, citing weaker near-term demand — this reduces forward earnings visibility and raises downside risk to the stock (Zacks has a “Hold”).
• Negative Sentiment: Brokerage consensus has skewed bearish with an aggregate “Reduce” rating, adding selling pressure and limiting near-term upside until results or guidance stabilize. Lennar Given Consensus Rating of “Reduce” by Brokerages

Lennar Stock Performance

Shares of Lennar stock opened at $85.54 on Wednesday. The firm has a market capitalization of $21.13 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.85 and a beta of 1.47. Lennar Corporation has a 52 week low of $83.03 and a 52 week high of $144.24. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $104.22 and its two-hundred day moving average is $114.13.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). The company had revenue of $6.62 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. Research analysts forecast that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, February 4th. Lennar’s dividend payout ratio is presently 28.74%.

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.