Lennar Class A
LEN

$179.42

0.89%

Market Cap: $49.3B

About: Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.

Employees: 12,284

Industrials General Building Contractors - Residential

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 16 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

44% more call options, than puts

Call options by funds: $698M | Put options by funds: $484M

23% more repeat investments, than reductions

Existing positions increased: 403 | Existing positions reduced: 327

0.43% more ownership

Funds ownership: 91.16% [Q1] → 91.6% (+0.43%) [Q2]

4% less funds holding

Funds holding: 992 [Q1] → 957 (-35) [Q2]

13% less capital invested

Capital invested by funds: $38.5B [Q1] → $33.6B (-$4.86B) [Q2]

28% less first-time investments, than exits

New positions opened: 91 | Existing positions closed: 126

33% less funds holding in top 10

Funds holding in top 10: 24 [Q1] → 16 (-8) [Q2]

See Fund Rankings

Research analyst outlook

16 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$144

20%

downside

Avg. target

$178

1%

downside

High target

$240

34%

upside

16 analyst ratings

9 positive

56%

4 neutral

25%

3 negative

19%

Keefe, Bruyette & Woods Jade Rahmani 70% 1-year accuracy 19 / 27 met price target	28%upside $230	Outperform Maintained	4 Sept 2024
Wells Fargo Sam Reid 79% 1-year accuracy 11 / 14 met price target	9%upside $195	Overweight Maintained	5 Aug 2024
Goldman Sachs Susan Maklari 66% 1-year accuracy 23 / 35 met price target	3%downside $174	Neutral Downgraded	22 Jul 2024
Evercore ISI Group Stephen Kim 65% 1-year accuracy 13 / 20 met price target	34%upside $240	Outperform Maintained	15 Jul 2024
Wedbush Jay McCanless 55% 1-year accuracy 37 / 67 met price target	20%downside $144	Neutral Upgraded	9 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about LEN published over the past 30 days

Lennar Corporation's Third Quarter Earnings Conference Call to Be Broadcast Live on the Internet

MIAMI , Sept. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the third quarter ended August 31, 2024 after the market closes on September 19, 2024.

Lennar Corporation's Third Quarter Earnings Conference Call to Be Broadcast Live on the Internet

24/7 Wall Street

If Rate Cuts Materialize, These Stocks Could Be Poised for Big Moves

Homebuilder stocks surged in July as a

If Rate Cuts Materialize, These Stocks Could Be Poised for Big Moves

Lennar: Further Upside As Mortgage Rates Begin Their Decline

Lennar is the second-largest US homebuilder, with the Homebuilding segment accounting for over 90% of revenues and EBIT. The company has outperformed the iShares US Consumer Discretionary ETF in 2024, delivering a 23% total return. I think Lennar has further upside thanks to an attractive valuation, a conservative capital structure, and sector-wide tailwinds from lower mortgage rates as the Fed normalizes policy.

Lennar: Further Upside As Mortgage Rates Begin Their Decline

CNBC Television

Final Trades: Lennar, Oracle and Seagate

The Investment Committee give you their top stocks to watch for the second half.

Final Trades: Lennar, Oracle and Seagate

The Motley Fool

2 Warren Buffett Stocks That Could Soar If the Fed Cuts Interest Rates in September

Buffett owns two similar stocks -- Lennar and NVR. Shares of both homebuilders should soar if the Fed cuts interest rates.

2 Warren Buffett Stocks That Could Soar If the Fed Cuts Interest Rates in September

How the 2024 election could impact homebuilder stocks

A housing shortage has supercharged the financial performance of large single-family homebuilders in the U.S. as the industry consolidates.

How the 2024 election could impact homebuilder stocks

Zacks Investment Research

Why Lennar (LEN) Dipped More Than Broader Market Today

Lennar (LEN) closed at $174 in the latest trading session, marking a -0.84% move from the prior day.

Why Lennar (LEN) Dipped More Than Broader Market Today

One-third of home builders are slashing prices as confidence in the market falls to 8-month low

The numbers: Builder confidence fell for the fourth month in a row in August, as elevated mortgage rates continue to spook home buyers.

One-third of home builders are slashing prices as confidence in the market falls to 8-month low

Zacks Investment Research

Lennar (LEN) Rises Yet Lags Behind Market: Some Facts Worth Knowing

In the most recent trading session, Lennar (LEN) closed at $170.37, indicating a +1.45% shift from the previous trading day.

Lennar (LEN) Rises Yet Lags Behind Market: Some Facts Worth Knowing

CNBC Television

We are set up for 'very nice fall' in the housing sector, says Evercore's Stephen Kim

Stephen Kim, Evercore ISI head of housing research, joins 'Money Movers' to discuss the Fed's rate path impact on the housing sector, why homebuilder stocks are incredibly cheap, and what investors should buy at today's levels.

We are set up for 'very nice fall' in the housing sector, says Evercore's Stephen Kim

See News Rankings