Lennar Class A
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
73% more first-time investments, than exits
New positions opened: 154 | Existing positions closed: 89
68% more call options, than puts
Call options by funds: $1.24B | Put options by funds: $736M
44% more funds holding in top 10
Funds holding in top 10: 16 [Q2] → 23 (+7) [Q3]
19% more capital invested
Capital invested by funds: $34.1B [Q2] → $40.5B (+$6.38B) [Q3]
7% more funds holding
Funds holding: 964 [Q2] → 1,029 (+65) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 360 | Existing positions reduced: 378
3.5% less ownership
Funds ownership: 92.91% [Q2] → 89.41% (-3.5%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$130
6%
downside
Avg. target
$176
28%
upside
High target
$236
71%
upside
10 analyst ratings
4 positive
40%
5 neutral
50%
1 negative
10%
UBS John Lovallo 37% 1-year accuracy 7 / 19 met price target | 48%upside $205 | Buy Maintained | 20 Dec 2024 |
RBC Capital Mike Dahl 54% 1-year accuracy 31 / 57 met price target | 6%downside $130 | Underperform Maintained | 20 Dec 2024 |
Keefe, Bruyette & Woods Jade Rahmani 45% 1-year accuracy 13 / 29 met price target | 23%upside $170 | Outperform Maintained | 20 Dec 2024 |
Barclays Matthew Bouley 34% 1-year accuracy 21 / 61 met price target | 2%downside $135 | Equal-Weight Maintained | 20 Dec 2024 |
Wells Fargo Sam Reid 21% 1-year accuracy 5 / 24 met price target | 5%upside $145 | Equal-Weight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 34 articles about LEN published over the past 30 days
Neutral
Seeking Alpha
1 day ago
Lennar Corporation (LEN) Q4 2024 Earnings Call Transcript
Lennar Corporation (NYSE:LEN ) Q4 2024 Results Conference Call December 19, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Fred Rothman - Chief Operating Officer Marshall Ames - Chairman, Lennar Charitable Foundation Conference Call Participants Alan Ratner - Zelman & Associates Michael Rehaut - JP Morgan Stephen Kim - Evercore ISI Trevor Allinson - Wolfe Research Susan Maklari - Goldman Sachs John Lovallo - UBS Operator Welcome to Lennar's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Negative
Seeking Alpha
1 day ago
Lennar's Q4 Earnings Results Are Not Looking Great For 2025
Lennar Corporation's Q4 and full-year 2024 results missed expectations, with revenues down 9% y/y and EPS down 15% y/y, leading to a 6% share price drop. Management's guidance for Q1 2025 was disappointing, with new orders and deliveries expected to be lower than consensus estimates, reflecting ongoing market challenges. The relationship between Fed rate cuts and mortgage rates is complex, with high 10-year treasury yields and mortgage rates dampening housing market demand.
Negative
Zacks Investment Research
1 day ago
LEN's Q4 Earnings & Revenues Miss Estimates, Stock Down on Y/Y Decline
Lennar's fourth-quarter fiscal 2024 report reflects tepid home deliveries due to increased interest rates and declining home sales margins.
Neutral
CNBC Television
1 day ago
Stocks on the Move: Vertex Pharma, Shake Shack, Zoom, Lennar and Home Depot
The CNBC 'Halftime Report' Investment Committee weighs in on 'Stocks on the Move' and their picks.
Negative
Schaeffers Research
2 days ago
Lennar Stock Drops as Earnings, Revenue Miss Esitmates
Shares of home construction stock Lennar Corp (NYSE:LEN) are 2.7% lower at $141.98 today, and earlier hit an annual bottom of $135.21.
Negative
Market Watch
2 days ago
Lennar blames high rates for sales miss but says its home prices also need to fall
Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying.
Negative
Investopedia
2 days ago
Home Builder Lennar Stock Falls as High Mortgage Rates Hurt Results
Shares of Lennar (LEN) fell Thursday, a day after the home builder posted weaker-than-expected results and guidance as high mortgage rates limited sales.
Neutral
Schwab Network
2 days ago
Earnings Movers: ACN A.I. Wins, DRI Beat & Raise, LEN Struggles
Today's top earnings movers highlight consumer trends seen in the markets. Lennar (LEN) continued to show a shaky foundation for homebuilders after reporting a miss.
Negative
Benzinga
2 days ago
Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Thursday.
Negative
Seeking Alpha
2 days ago
Lennar: Weak Q4 Results Significantly Dampen The 2025 Outlook (Rating Downgrade)
Lennar's shares have dropped 25% in three months, with weak earnings and rising mortgage rates further pressuring the stock, now down 10% from its March peak. Q4 deliveries fell 7%, and new orders missed guidance by a significant margin, indicating a dramatic market slowdown due to higher rates. Lennar's strong balance sheet and planned spin-off of land assets into Millrose Properties offer some financial stability, but market uncertainties persist.
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