Lennar (NYSE:LEN) Price Target Lowered to $84.00 at BofA

Lennar (NYSE:LEN) had its target price dropped by analysts at BofA from $88.00 to $84.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has an “underperform” rating on the construction company’s stock. BofA’s price target points to a potential downside of 6.70% from the company’s current price.

LEN has been the topic of several other reports. BTIG Research set a $73.00 price target on Lennar in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Bank of America dropped their target price on shares of Lennar from $88.00 to $84.00 in a research report on Thursday. Evercore cut their target price on shares of Lennar from $89.00 to $82.00 and set an “underperform” rating for the company in a research note on Monday, April 13th. Finally, Barclays dropped their price objective on shares of Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $96.44.

Lennar Stock Down 5.2%

LEN stock opened at $90.03 on Friday. The stock has a market capitalization of $22.24 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.39. The company has a 50-day moving average of $89.38 and a two-hundred day moving average of $103.36. Lennar has a 52-week low of $81.18 and a 52-week high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. Lennar had a return on equity of 7.04% and a net margin of 4.93%.The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same period in the previous year, the company posted $1.81 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Lennar will post 5.85 EPS for the current year.

Institutional Investors Weigh In On Lennar

Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Lennar by 5.9% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 466,027 shares of the construction company’s stock valued at $58,738,000 after purchasing an additional 26,117 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in shares of Lennar by 201.1% in the 3rd quarter. Boothbay Fund Management LLC now owns 24,004 shares of the construction company’s stock worth $3,025,000 after buying an additional 16,031 shares in the last quarter. Tounjian Advisory Partners LLC bought a new position in shares of Lennar during the 4th quarter worth approximately $2,599,000. Coronation Fund Managers Ltd. acquired a new stake in Lennar in the 3rd quarter valued at $14,160,000. Finally, Magnolia Group LLC bought a new stake in Lennar in the fourth quarter valued at $6,756,000. Institutional investors own 81.10% of the company’s stock.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Second-quarter adjusted EPS came in above expectations, showing Lennar is still controlling costs well even in a softer housing market. Lennar Q2 Earnings Beat Estimates on Cost Discipline, Revenues Miss
• Positive Sentiment: The company continued repurchasing shares and ended the quarter with a strong cash position and no outstanding borrowings on its revolving credit facility, which supports financial flexibility. Lennar Reports Second Quarter 2026 Results
• Neutral Sentiment: Lennar’s revenue missed Wall Street estimates, but deliveries rose modestly year over year, suggesting demand is holding up better than the headline revenue figure implies. Lennar Reports Second Quarter 2026 Results
• Negative Sentiment: Management cut full-year delivery guidance to about 82,000-83,000 homes and set third-quarter EPS guidance below analysts’ expectations, signaling continued pressure from high mortgage rates and affordability issues. Lennar Cuts Full-Year Target, Citing ‘Stubborn’ Housing-Market Headwinds
• Negative Sentiment: Home-sale gross margin fell to 15.6%, and new orders declined year over year, reinforcing concerns that incentives and pricing pressure are weighing on profitability. Lennar Reports Second Quarter 2026 Results

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.