Sacks & Associates LLC Makes New $781,000 Investment in Lennar Corporation $LEN

Sacks & Associates LLC purchased a new stake in Lennar Corporation (NYSE:LEN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,576 shares of the construction company’s stock, valued at approximately $781,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Lennar by 19.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,546,970 shares of the construction company’s stock valued at $221,176,000 after acquiring an additional 419,745 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in Lennar by 90.9% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock valued at $201,835,000 after buying an additional 934,856 shares in the last quarter. Swiss National Bank increased its position in Lennar by 4.8% during the first quarter. Swiss National Bank now owns 601,468 shares of the construction company’s stock worth $52,231,000 after buying an additional 27,500 shares in the last quarter. River Road Asset Management LLC boosted its stake in shares of Lennar by 10.3% during the fourth quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company’s stock valued at $47,462,000 after acquiring an additional 43,186 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. lifted its stake in shares of Lennar by 6,292.5% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 328,000 shares of the construction company’s stock worth $29,681,000 after purchasing an additional 322,869 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Neutral Sentiment: Zacks Research modestly raised its Q1 2028 EPS forecast to $1.26 from $1.21, although the firm continues to rate Lennar “Strong Sell.”
• Negative Sentiment: Zacks cut its FY2026 EPS estimate to $4.87 from $5.35, Q4 2026 EPS to $1.45 from $1.86, and FY2027 EPS to $5.16 from $6.24. These reductions signal expectations for weaker near-term earnings momentum.
• Negative Sentiment: Forecasts were also lowered for Q1 2027 EPS to $0.82 from $0.94, Q2 2027 to $1.32 from $1.48, Q3 2027 to $1.46 from $1.67, and Q4 2027 to $1.57 from $2.14.
• Negative Sentiment: Zacks reduced its FY2028 EPS projection to $7.06 from $8.21 and lowered Q3 2028 EPS to $1.89 from $2.25. While the long-range outlook still anticipates earnings growth, the magnitude of the cuts is negative for investor sentiment.
• Negative Sentiment: Separate law-firm announcements disclosed investigations into potential securities-law violations involving Lennar. The notices are investor solicitations and do not establish wrongdoing, but they could increase reputational, legal and financial risks. Block & Leviton investigation announcement SBS Law investigation announcement

Insiders Place Their Bets

In other Lennar news, major shareholder Berkshire Hathaway Inc bought 1,708,095 shares of the stock in a transaction dated Friday, October 2nd. The stock was bought at an average cost of $79.44 per share, for a total transaction of $135,691,066.80. Following the completion of the purchase, the insider directly owned 28,438,045 shares of the company’s stock, valued at approximately $2,259,118,294.80. The trade was a 6.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 7,502,276 shares of company stock valued at $595,303,287. Corporate insiders own 10.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on LEN shares. Morgan Stanley assumed coverage on shares of Lennar in a research note on Thursday, October 1st. They set an “underweight” rating and a $65.00 price objective for the company. Zacks Research lowered shares of Lennar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Truist Financial cut their price target on shares of Lennar from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. Citizens Jmp reissued a “hold” rating on shares of Lennar in a research note on Thursday, September 17th. Finally, Bank of America dropped their price objective on Lennar from $77.00 to $70.00 and set an “underperform” rating for the company in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and ten have given a Sell rating to the company. According to MarketBeat.com, Lennar has a consensus rating of “Reduce” and an average target price of $79.00.

Lennar Trading Down 1.4%

NYSE LEN opened at $76.54 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.69 and a current ratio of 4.94. Lennar Corporation has a one year low of $73.75 and a one year high of $133.76. The company’s 50 day moving average price is $82.90 and its 200 day moving average price is $86.44. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 2.92 and a beta of 1.36.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). Lennar had a net margin of 4.09% and a return on equity of 6.15%. The business had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $8.32 billion. During the same period in the prior year, the business posted $2.00 EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts predict that Lennar Corporation will post 4.87 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Wednesday, October 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $2.00 annualized dividend and a yield of 2.6%. Lennar’s payout ratio is 37.81%.

Lennar Profile

Lennar Corporation (NYSE: LEN) is a homebuilding company that designs, constructs and sells single-family homes and, through its multifamily operations, develops apartment communities. Its residential offerings generally include homes across a range of sizes and prices, serving first-time, move-up and active-adult buyers.

The company also provides related services through businesses involved in mortgage financing, title and closing services, insurance and other real estate activities. Lennar develops residential communities and manages land acquisition, planning and construction as part of its integrated homebuilding model.

Founded in 1954, Lennar has expanded from its origins in South Florida into a national homebuilder serving numerous markets across the United States.