Lennar (NYSE:LEN) Price Target Cut to $84.00 by Analysts at BofA

Lennar (NYSE:LEN) had its price target trimmed by BofA from $88.00 to $84.00 in a research note released on Friday morning,MarketScreener reports. The firm currently has an underperform rating on the construction company’s stock.

Several other equities research analysts have also commented on LEN. Weiss Ratings lowered Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 16th. UBS Group dropped their target price on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Bank of America lowered their price target on Lennar from $88.00 to $84.00 in a research report on Thursday. Argus reduced their target price on shares of Lennar from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Zacks Research raised shares of Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and ten have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $96.44.

Lennar Trading Down 5.2%

Shares of NYSE:LEN traded down $4.92 during midday trading on Friday, hitting $90.03. 6,257,149 shares of the stock were exchanged, compared to its average volume of 2,503,129. The business’s 50-day moving average price is $89.38 and its 200 day moving average price is $103.36. The stock has a market capitalization of $22.24 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 2.10 and a beta of 1.39. Lennar has a 12 month low of $81.18 and a 12 month high of $144.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.04%. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. Lennar’s revenue was down 5.2% compared to the same quarter last year. Analysts predict that Lennar will post 5.85 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, April 22nd. Lennar’s payout ratio is presently 28.74%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in shares of Lennar by 7.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock worth $141,000 after purchasing an additional 85 shares during the period. Zions Bancorporation National Association UT increased its position in Lennar by 8.3% in 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 last quarter. RFG Advisory LLC increased its position in Lennar by 2.1% in 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 last quarter. Rossby Financial LCC raised its stake in shares of Lennar by 9.1% in the fourth quarter. Rossby Financial LCC now owns 1,059 shares of the construction company’s stock valued at $109,000 after buying an additional 88 shares during the period. Finally, New Mexico Educational Retirement Board grew its stake in shares of Lennar by 1.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,560 shares of the construction company’s stock worth $1,086,000 after acquiring an additional 100 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Second-quarter adjusted EPS came in above expectations, showing Lennar is still controlling costs well even in a softer housing market. Lennar Q2 Earnings Beat Estimates on Cost Discipline, Revenues Miss
• Positive Sentiment: The company continued repurchasing shares and ended the quarter with a strong cash position and no outstanding borrowings on its revolving credit facility, which supports financial flexibility. Lennar Reports Second Quarter 2026 Results
• Neutral Sentiment: Lennar’s revenue missed Wall Street estimates, but deliveries rose modestly year over year, suggesting demand is holding up better than the headline revenue figure implies. Lennar Reports Second Quarter 2026 Results
• Negative Sentiment: Management cut full-year delivery guidance to about 82,000-83,000 homes and set third-quarter EPS guidance below analysts’ expectations, signaling continued pressure from high mortgage rates and affordability issues. Lennar Cuts Full-Year Target, Citing ‘Stubborn’ Housing-Market Headwinds
• Negative Sentiment: Home-sale gross margin fell to 15.6%, and new orders declined year over year, reinforcing concerns that incentives and pricing pressure are weighing on profitability. Lennar Reports Second Quarter 2026 Results

Lennar Company Profile

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.