Zacks Research Comments on Lennar’s Q2 Earnings (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Equities researchers at Zacks Research upped their Q2 2026 earnings per share (EPS) estimates for shares of Lennar in a research report issued on Tuesday, June 10th. Zacks Research analyst R. Department now anticipates that the construction company will earn $2.05 per share for the quarter, up from their prior forecast of $2.04. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share.

A number of other equities research analysts have also commented on LEN. Royal Bank of Canada dropped their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods cut their price target on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company cut their price target on shares of Lennar from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group cut their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Finally, Barclays cut their price target on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 24th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $150.07.

Lennar Trading Down 3.2%

Lennar stock opened at $108.52 on Friday. The stock has a 50-day moving average of $107.85 and a two-hundred day moving average of $123.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar has a one year low of $98.42 and a one year high of $187.61. The stock has a market cap of $28.63 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same period last year, the business posted $2.57 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. Lennar’s payout ratio is 14.57%.

Hedge Funds Weigh In On Lennar

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its position in Lennar by 10.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company’s stock valued at $1,006,000 after purchasing an additional 672 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in Lennar by 29.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 82,572 shares of the construction company’s stock valued at $11,246,000 after purchasing an additional 18,800 shares during the period. Candriam S.C.A. raised its position in Lennar by 47.9% in the fourth quarter. Candriam S.C.A. now owns 17,649 shares of the construction company’s stock valued at $2,407,000 after purchasing an additional 5,718 shares during the period. TrueMark Investments LLC purchased a new stake in Lennar in the fourth quarter valued at $1,331,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Lennar in the fourth quarter valued at $4,015,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.