Lennar Corporation $LEN Stock Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in shares of Lennar Corporation (NYSE:LEN) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,322 shares of the construction company’s stock after acquiring an additional 6,695 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Lennar were worth $3,943,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in Lennar by 19.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,546,970 shares of the construction company’s stock valued at $221,176,000 after purchasing an additional 419,745 shares during the last quarter. Swiss National Bank boosted its position in Lennar by 4.8% during the first quarter. Swiss National Bank now owns 601,468 shares of the construction company’s stock worth $52,231,000 after purchasing an additional 27,500 shares during the period. Nan Shan Life Insurance Co. Ltd. increased its holdings in shares of Lennar by 6,292.5% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 328,000 shares of the construction company’s stock valued at $29,681,000 after purchasing an additional 322,869 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Lennar by 2.3% in the first quarter. California Public Employees Retirement System now owns 313,354 shares of the construction company’s stock valued at $27,212,000 after purchasing an additional 7,103 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Lennar by 322.4% in the first quarter. Empowered Funds LLC now owns 309,880 shares of the construction company’s stock valued at $26,910,000 after purchasing an additional 236,524 shares during the period. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of Lennar stock traded down $0.03 during trading on Friday, reaching $83.55. The company’s stock had a trading volume of 2,473,225 shares, compared to its average volume of 3,836,905. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $81.58 and its 200-day moving average price is $90.17. Lennar Corporation has a 52 week low of $71.78 and a 52 week high of $133.76. The firm has a market cap of $19.88 billion, a PE ratio of 15.79, a P/E/G ratio of 3.15 and a beta of 1.36.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.06). The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $8.32 billion. Lennar had a return on equity of 6.15% and a net margin of 4.09%. Lennar’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. Equities analysts forecast that Lennar Corporation will post 4.86 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, October 7th. Lennar’s payout ratio is presently 37.81%.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 1,708,095 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was acquired at an average cost of $79.44 per share, for a total transaction of $135,691,066.80. Following the completion of the purchase, the insider owned 28,438,045 shares in the company, valued at approximately $2,259,118,294.80. This represents a 6.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 7,502,276 shares of company stock valued at $595,303,287 in the last three months. Insiders own 10.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LEN. Royal Bank Of Canada decreased their price target on shares of Lennar from $85.00 to $69.00 and set an “underperform” rating on the stock in a research note on Friday, September 18th. Barclays cut their price objective on shares of Lennar from $79.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, September 18th. Weiss Ratings cut Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 21st. Bank of America reduced their price objective on Lennar from $77.00 to $70.00 and set an “underperform” rating for the company in a report on Monday, September 14th. Finally, Morgan Stanley decreased their target price on Lennar from $65.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and eleven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus target price of $78.87.

Key Headlines Impacting Lennar

Investors following LEN have been watching these headlines:

• Negative Sentiment: The lawsuit alleges Lennar and senior executives made false or misleading statements and failed to disclose adverse information. One notice says the claims concern Lennar’s operating strategy and the purpose of its Millrose spin-off. These remain allegations, not established findings. Article: Investor Alert: Robbins LLP Informs Investors of the Lennar Corporation Class Action Lawsuit
• Negative Sentiment: The case covers investors who bought Lennar stock between February 7, 2025, and October 2, 2026. Investors have until January 11, 2027, to seek appointment as lead plaintiff. Repeated law-firm announcements may keep litigation and disclosure concerns in focus, although the reports do not establish the lawsuit’s merits or quantify any financial impact. Article: Securities Class Action Filed Against Lennar Corporation

Lennar Profile

Lennar Corporation is a U.S. homebuilder that designs, builds and sells homes in communities across many major housing markets in the country. Its offerings include single-family homes and townhomes, with options and designs aimed at a range of homebuyers. The company also provides services that support home purchases, including mortgage financing and title and closing services. Lennar traces its roots to a homebuilding business founded in Miami in 1954 and has expanded its operations across the United States.