Lennar (NYSE:LEN) Sets New 12-Month Low Following Weak Earnings

Lennar Corporation (NYSE:LEN) hit a new 52-week low during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $76.07 and last traded at $78.3980, with a volume of 1248249 shares changing hands. The stock had previously closed at $78.36.

The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). Lennar had a net margin of 4.93% and a return on equity of 7.08%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $8.32 billion. During the same quarter in the prior year, the business earned $2.29 EPS. Lennar’s revenue was down 8.7% compared to the same quarter last year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, July 10th. Lennar’s payout ratio is presently 31.30%.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar repurchased 3 million shares for $256 million and redeemed $400 million of senior notes. Homebuilding debt was 16.6% of total capital, while homebuilding cash stood at approximately $1.2 billion, supporting the balance sheet and providing some downside protection. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: The company continues expanding its community pipeline, including new developments in Alabama and California and the purchase of 444 lots near Taiwan Semiconductor’s planned Phoenix-area project. These moves could support longer-term volume growth, although they are not immediate earnings catalysts. Lennar Opens Two New Communities
• Neutral Sentiment: Third-quarter revenue was approximately $8.05 billion, with 20,840 homes delivered. Lennar’s fourth-quarter forecast calls for 19,500–20,500 new orders and 22,000–23,000 deliveries, offering investors a near-term benchmark for whether demand is stabilizing. Lennar Q3 Revenue and Deliveries
• Negative Sentiment: Lennar posted adjusted EPS of $1.23, below the $1.29 consensus estimate, while revenue also missed expectations at $8.05 billion versus $8.32 billion. GAAP EPS was $1.19, down sharply from $2.29 a year earlier, and revenue declined 8.7%. Lennar Posts Q3 Double Miss
• Negative Sentiment: New orders fell 9% and home-sales gross margin contracted to 15.8% from 17.5% as higher mortgage rates and affordability pressures reduced buyer demand and forced builders to use incentives. Lennar also cut full-year delivery guidance to 80,000–81,000 homes from 82,000–83,000, below analysts’ expectations. Lennar Profit Halves as Mortgage Rates Pressure Homebuyers

Analysts Set New Price Targets

A number of research firms have recently issued reports on LEN. JPMorgan Chase & Co. cut their price target on shares of Lennar from $80.00 to $77.00 and set an “underweight” rating on the stock in a report on Tuesday, June 16th. Argus set a $108.00 price target on Lennar in a research note on Thursday, July 9th. Truist Financial lowered their price objective on Lennar from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Wednesday. Barclays decreased their price objective on shares of Lennar from $80.00 to $79.00 and set an “underweight” rating for the company in a report on Monday, June 15th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Lennar in a research report on Thursday. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $91.00.

Hedge Funds Weigh In On Lennar

Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Lennar by 19.7% in the first quarter. Janus Henderson Group PLC now owns 2,546,970 shares of the construction company’s stock worth $221,176,000 after purchasing an additional 419,745 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in Lennar by 90.9% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock valued at $201,835,000 after purchasing an additional 934,856 shares during the period. Swiss National Bank boosted its stake in shares of Lennar by 4.8% in the 1st quarter. Swiss National Bank now owns 601,468 shares of the construction company’s stock valued at $52,231,000 after purchasing an additional 27,500 shares during the last quarter. River Road Asset Management LLC grew its holdings in Lennar by 10.3% during the 4th quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company’s stock worth $47,462,000 after acquiring an additional 43,186 shares during the period. Finally, National Pension Service increased its holdings in Lennar by 4.7% in the fourth quarter. National Pension Service now owns 445,407 shares of the construction company’s stock valued at $45,788,000 after purchasing an additional 19,878 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Stock Up 0.3%

The business’s 50-day moving average is $84.40 and its two-hundred day moving average is $88.79. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 2.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91.

About Lennar

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.