Wedbush Reaffirms Neutral Rating for Lennar (NYSE:LEN)

Lennar (NYSE:LEN)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They presently have a $164.00 target price on the construction company’s stock. Wedbush’s price objective would suggest a potential upside of 18.77% from the company’s previous close. Wedbush also issued estimates for Lennar’s Q3 2026 earnings at $4.43 EPS.

LEN has been the topic of several other reports. Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Evercore ISI decreased their target price on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research note on Monday, September 23rd. Bank of America upped their price target on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company lowered their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.94.

Lennar Trading Down 0.2 %

Shares of NYSE:LEN opened at $138.08 on Thursday. The stock’s 50-day simple moving average is $168.98 and its two-hundred day simple moving average is $169.43. Lennar has a 52-week low of $135.21 and a 52-week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The stock has a market capitalization of $37.45 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.31 and a beta of 1.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.82 EPS. Analysts expect that Lennar will post 14.11 EPS for the current year.

Insider Transactions at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.36% of the company’s stock.

Institutional Trading of Lennar

Several institutional investors and hedge funds have recently modified their holdings of LEN. Oakworth Capital Inc. bought a new stake in Lennar during the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in Lennar in the third quarter worth about $30,000. Asset Dedication LLC increased its position in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. Finally, DT Investment Partners LLC raised its holdings in shares of Lennar by 523.3% in the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

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.