Lennar Class ALEN
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
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]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
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 |
Financial journalist opinion
Based on 11 articles about LEN published over the past 30 days