Zacks Research Equities Analysts Cut Earnings Estimates for Lennar Co. (NYSE:LEN)

Lennar Co. (NYSE:LEN) – Analysts at Zacks Research decreased their Q4 2024 EPS estimates for Lennar in a research note issued to investors on Tuesday, September 17th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings of $4.72 per share for the quarter, down from their previous forecast of $4.75. The consensus estimate for Lennar’s current full-year earnings is $14.16 per share. Zacks Research also issued estimates for Lennar’s Q4 2025 earnings at $5.07 EPS, FY2025 earnings at $15.47 EPS, Q3 2026 earnings at $4.39 EPS and FY2026 earnings at $15.97 EPS.

Lennar (NYSE:LEN) last posted its earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping the consensus estimate of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion.

A number of other equities research analysts have also recently issued reports on the company. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. dropped their target price on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Wells Fargo & Company raised their price target on Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. BTIG Research decreased their target price on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Finally, Evercore ISI lifted their price target on Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus price target of $172.69.

Lennar Stock Performance

LEN opened at $189.40 on Wednesday. The stock has a 50-day moving average of $174.49 and a 200-day moving average of $163.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. Lennar has a 52-week low of $102.90 and a 52-week high of $189.43. The company has a market cap of $52.01 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is 13.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners boosted its position in Lennar by 21.5% in the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock valued at $4,089,000 after buying an additional 4,207 shares in the last quarter. Integrated Advisors Network LLC lifted its holdings in Lennar by 177.3% during the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after buying an additional 19,985 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in Lennar by 331.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after buying an additional 9,246 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new stake in shares of Lennar during the fourth quarter worth $838,000. Finally, Norden Group LLC bought a new position in Lennar in the first quarter valued at about $5,592,000. 81.10% of the stock is owned by institutional investors.

Lennar Company Profile

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.