Wedbush Analysts Decrease Earnings Estimates for Lennar

Lennar Corporation (NYSE:LEN) – Analysts at Wedbush reduced their Q1 2026 earnings per share (EPS) estimates for Lennar in a research report issued to clients and investors on Tuesday, June 17th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $1.65 per share for the quarter, down from their previous forecast of $1.85. Wedbush has a “Neutral” rating and a $130.00 price objective on the stock. The consensus estimate for Lennar’s current full-year earnings is $12.48 per share. Wedbush also issued estimates for Lennar’s Q2 2026 earnings at $2.13 EPS and Q3 2026 earnings at $2.50 EPS.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.04). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the previous year, the firm posted $3.45 EPS. Lennar’s revenue was down 4.4% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. UBS Group dropped their price target on Lennar from $164.00 to $146.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays dropped their price target on Lennar from $110.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Royal Bank Of Canada decreased their target price on Lennar from $122.00 to $98.00 and set a “sector perform” rating for the company in a report on Wednesday. Zelman & Associates reaffirmed a “neutral” rating on shares of Lennar in a report on Wednesday. Finally, Wall Street Zen raised Lennar from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Sixteen investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.60.

Lennar Price Performance

Shares of LEN stock opened at $103.37 on Thursday. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 2.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.68 and a current ratio of 3.65. The stock’s 50-day simple moving average is $107.79 and its 200-day simple moving average is $122.57.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in Lennar by 45.4% in the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company’s stock valued at $1,020,866,000 after acquiring an additional 2,777,567 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Lennar by 3.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company’s stock worth $834,115,000 after buying an additional 213,003 shares during the period. Wellington Management Group LLP raised its stake in shares of Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company’s stock worth $441,769,000 after buying an additional 515,378 shares during the period. Brave Warrior Advisors LLC raised its stake in shares of Lennar by 23.4% during the 1st quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company’s stock worth $251,323,000 after buying an additional 415,218 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Lennar during the 4th quarter worth approximately $218,533,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, April 23rd. Lennar’s payout ratio is presently 16.54%.

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.