Lennar Class B
LEN.B

$164.85

0.72%

Market Cap: $45.9B

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

–

Analysts bullish %

Fund manager confidence

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

0.79% less ownership

Funds ownership: 25.73% [Q1] → 24.93% (-0.79%) [Q2]

1% less funds holding

Funds holding: 250 [Q1] → 248 (-2) [Q2]

8% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 24

12% less capital invested

Capital invested by funds: $1.32B [Q1] → $1.16B (-$164M) [Q2]

22% less funds holding in top 10

Funds holding in top 10: 9 [Q1] → 7 (-2) [Q2]

24% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 86

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Research analyst outlook

We haven’t received any recent analyst ratings for LEN.B.

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Financial journalist opinion

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

Quarterra Multifamily Announces the Start of Leasing at Harwood Apartments

268-home luxury community creates ideal connectivity throughout Phoenix Metro PHOENIX , July 30, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix. Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience.

Quarterra Multifamily Announces the Start of Leasing at Harwood Apartments

Lennar Reports Second Quarter 2024 Results

Second Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 15% to $3.45 $3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investment Net earnings increased 9% to $954 million New orders increased 19% to 21,293 homes Backlog of 17,873 homes with a dollar value of $8.2 billion Deliveries increased 15% to 19,690 homes Total revenues of $8.8 billion Homebuilding operating earnings of $1.3 billion Gross margin on home sales of 22.6% S,G&A expenses as a % of revenues from home sales of 7.5% Net margin on home sales of 15.1% Financial Services operating earnings of $146 million Multifamily operating loss of $20 million Lennar Other operating loss of $28 million Homebuilding cash and cash equivalents of $3.6 billion Years supply of owned homesites of 1.2 years and controlled homesites of 79% No outstanding borrowings under the Company's $2.2 billion revolving credit facility Homebuilding debt to total capital of 7.7% Redeemed $454 million aggregate principal amount of its 4.50% senior notes due April 2024 Repurchased $100 million aggregate principal amount of its 4.75% senior notes due November 2027 Repurchased 3.8 million shares of Lennar common stock for $603 million MIAMI , June 17, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its second quarter ended May 31, 2024. Second quarter net earnings attributable to Lennar in 2024 were $954 million, or $3.45 per diluted share, compared to second quarter net earnings attributable to Lennar in 2023 of $872 million, or $3.01 per diluted share.

Lennar Reports Second Quarter 2024 Results

Quarterra Multifamily Announces the Start of Leasing at Dryden Apartments

Luxury high-rise community combines sophistication with convenience in Denver's Golden Triangle Neighborhood DENVER , June 7, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Dryden, a luxury community that blends urban activity and walkability with the elegance and culture of Denver's thriving Golden Triangle Neighborhood. Dryden is a 420-home high-rise community adjacent to Downtown Denver and featuring 9,241 square feet of leasable retail space.

Quarterra Multifamily Announces the Start of Leasing at Dryden Apartments

LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

MIAMI , June 4, 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 second quarter ended May 31, 2024 after the market closes on June 17, 2024. Additionally, the Company will hold a conference call on June 18, 2024 at 11:00 a.m.

LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

Quarterra Multifamily Announces the Start of Construction at Renata Apartments

Quarterra's newest Northern California community to feature 260 one- and two-bedroom apartment homes SANTA ROSA, Calif. , June 4, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of construction at Renata, Quarterra's first community in Santa Rosa, California.

Quarterra Multifamily Announces the Start of Construction at Renata Apartments

LENNAR CORPORATION'S FOURTH QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

MIAMI , Dec. 1, 2023 /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 fourth quarter ended November 30, 2023 after the market closes on December 14, 2023. Additionally, the Company will hold a conference call on December 15, 2023 at 11:00 a.m.

LENNAR CORPORATION'S FOURTH QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

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