Bank of America Cuts Lennar (NYSE:LEN) Price Target to $70.00

Lennar (NYSE:LEN) had its price target cut by Bank of America from $77.00 to $70.00 in a report published on Monday,Benzinga reports. They currently have an underperform rating on the construction company’s stock.

Several other research firms have also recently weighed in on LEN. Keefe, Bruyette & Woods reduced their price target on Lennar from $86.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, June 17th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Lennar in a report on Friday, June 5th. Barclays reduced their target price on shares of Lennar from $80.00 to $79.00 and set an “underweight” rating on the stock in a report on Monday, June 15th. Argus set a $108.00 price target on shares of Lennar in a research report on Thursday, July 9th. Finally, Zacks Research lowered shares of Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and ten have given a Sell rating to the company. According to MarketBeat, Lennar presently has a consensus rating of “Reduce” and an average target price of $91.00.

Lennar Trading Down 2.1%

LEN opened at $78.39 on Monday. The company has a market cap of $18.88 billion, a P/E ratio of 12.27, a PEG ratio of 2.68 and a beta of 1.39. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $84.40 and its 200-day moving average is $88.79. Lennar has a 1-year low of $76.63 and a 1-year high of $139.44.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). Lennar had a return on equity of 7.08% and a net margin of 4.93%.The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period in the previous year, the firm posted $2.29 EPS. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities research analysts predict that Lennar will post 5.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, July 10th. This represents a $2.00 annualized dividend and a yield of 2.6%. Lennar’s dividend payout ratio (DPR) is presently 31.30%.

Institutional Investors Weigh In On Lennar

Several large investors have recently modified their holdings of LEN. MUFG Securities EMEA plc boosted its position in shares of Lennar by 2,522.7% during the fourth quarter. MUFG Securities EMEA plc now owns 114,245 shares of the construction company’s stock valued at $11,744,000 after buying an additional 109,889 shares during the last quarter. Element Capital Management LLC purchased a new stake in Lennar in the 4th quarter valued at $6,437,000. Myriad Asset Management Advisors LLC bought a new position in Lennar during the 4th quarter valued at $1,511,000. Cutler Investment Counsel LLC lifted its stake in Lennar by 59.3% during the 4th quarter. Cutler Investment Counsel LLC now owns 42,464 shares of the construction company’s stock valued at $4,365,000 after acquiring an additional 15,802 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in Lennar by 77.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 89,178 shares of the construction company’s stock worth $8,070,000 after acquiring an additional 38,822 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar News Summary

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, actions that support per-share value and reduce debt obligations. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: The company acquired 444 homebuilding lots near Taiwan Semiconductor Manufacturing Co.’s planned $265 billion Phoenix-area development for $60 million, potentially providing long-term exposure to job and population growth. Lennar snags 444 lots near TSMC’s Phoenix project
• Neutral Sentiment: Lennar generated approximately $8.0 billion in third-quarter revenue and maintained substantial liquidity, with $1.2 billion in homebuilding cash and a homebuilding debt-to-capital ratio of 16.6%. However, backlog declined to 16,857 homes valued at $6.3 billion.
• Negative Sentiment: Adjusted earnings were $1.23 per share, below the $1.29 consensus estimate, while reported EPS was $1.19. Profit fell sharply from the prior year, and revenue declined 8.7% year over year. Lennar Lags Q3 Earnings and Revenue Estimates
• Negative Sentiment: New orders fell 9% to 20,879 homes, deliveries dropped 3% to 20,840, and gross margin on home sales narrowed to 15.8% from 17.5% a year earlier, indicating weaker demand and heavier pricing incentives. Lennar Profit Halves as Higher Mortgage Rates Pressure Homebuyers
• Negative Sentiment: Lennar cut its full-year delivery forecast to 80,000–81,000 homes from 82,000–83,000, below analysts’ expectations. Fourth-quarter order guidance of 19,500–20,500 homes also reinforces concerns about near-term housing-market conditions. Lennar Cuts Deliveries Target Again

Lennar Company Profile

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.