Sacks & Associates LLC Buys 9,576 Shares of Lennar Corporation $LEN

Sacks & Associates LLC purchased a new position in shares of Lennar Corporation (NYSE:LEN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,576 shares of the construction company’s stock, valued at approximately $781,000.

A number of other large investors have also modified their holdings of LEN. Janus Henderson Group PLC grew its position in shares of 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 acquiring an additional 419,745 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its position in Lennar by 90.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock worth $201,835,000 after purchasing an additional 934,856 shares in the last quarter. Swiss National Bank grew its holdings in Lennar by 4.8% in the first 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 period. River Road Asset Management LLC raised its position in shares of 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 purchasing an additional 43,186 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. boosted its position in Lennar by 6,292.5% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 328,000 shares of the construction company’s stock worth $29,681,000 after acquiring an additional 322,869 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Transactions at Lennar

In other Lennar news, major shareholder Berkshire Hathaway Inc purchased 1,708,095 shares of Lennar stock in a transaction dated Friday, October 2nd. The stock was acquired at an average cost of $79.44 per share, with a total value of $135,691,066.80. Following the acquisition, the insider directly owned 28,438,045 shares of the company’s stock, valued at $2,259,118,294.80. This represents a 6.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 7,502,276 shares of company stock worth $595,303,287. Insiders own 10.05% of the company’s stock.

Lennar Price Performance

LEN stock opened at $76.54 on Friday. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. Lennar Corporation has a fifty-two week low of $73.75 and a fifty-two week high of $133.76. The business has a 50 day moving average price of $82.90 and a 200 day moving average price of $86.44. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 2.92 and a beta of 1.36.

Lennar (NYSE:LEN) last issued its quarterly earnings results 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 company had revenue of $8.05 billion for 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 period in the prior year, the business earned $2.00 earnings per share. Equities research analysts anticipate that Lennar Corporation will post 4.87 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 7th. Lennar’s payout ratio is currently 37.81%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research lowered Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Citizens Jmp reaffirmed a “hold” rating on shares of Lennar in a research note on Thursday, September 17th. Keefe, Bruyette & Woods cut their price target on shares of Lennar from $85.00 to $75.00 and set an “underperform” rating for the company in a report on Tuesday, September 22nd. Argus set a $108.00 price target on shares of Lennar in a research report on Thursday, July 9th. Finally, Citigroup cut their target price on Lennar from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $79.00.

Trending Headlines about Lennar

Here are the key news stories impacting Lennar this week:

• Neutral Sentiment: Zacks Research modestly raised its Q1 2028 EPS forecast to $1.26 from $1.21, although the firm continues to rate Lennar “Strong Sell.”
• Negative Sentiment: Zacks cut its FY2026 EPS estimate to $4.87 from $5.35, Q4 2026 EPS to $1.45 from $1.86, and FY2027 EPS to $5.16 from $6.24. These reductions signal expectations for weaker near-term earnings momentum.
• Negative Sentiment: Forecasts were also lowered for Q1 2027 EPS to $0.82 from $0.94, Q2 2027 to $1.32 from $1.48, Q3 2027 to $1.46 from $1.67, and Q4 2027 to $1.57 from $2.14.
• Negative Sentiment: Zacks reduced its FY2028 EPS projection to $7.06 from $8.21 and lowered Q3 2028 EPS to $1.89 from $2.25. While the long-range outlook still anticipates earnings growth, the magnitude of the cuts is negative for investor sentiment.
• Negative Sentiment: Separate law-firm announcements disclosed investigations into potential securities-law violations involving Lennar. The notices are investor solicitations and do not establish wrongdoing, but they could increase reputational, legal and financial risks. Block & Leviton investigation announcement SBS Law investigation announcement

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a homebuilding company that designs, constructs and sells single-family homes and, through its multifamily operations, develops apartment communities. Its residential offerings generally include homes across a range of sizes and prices, serving first-time, move-up and active-adult buyers.

The company also provides related services through businesses involved in mortgage financing, title and closing services, insurance and other real estate activities. Lennar develops residential communities and manages land acquisition, planning and construction as part of its integrated homebuilding model.

Founded in 1954, Lennar has expanded from its origins in South Florida into a national homebuilder serving numerous markets across the United States.