Truist Financial Cuts Lennar (NYSE:LEN) Price Target to $95.00

Lennar (NYSE:LEN) had its target price cut by Truist Financial from $110.00 to $95.00 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the construction company’s stock.

A number of other research firms have also weighed in on LEN. Keefe, Bruyette & Woods dropped their target price on Lennar from $125.00 to $115.00 and set a “market perform” rating on the stock in a report on Thursday, December 18th. Citizens Jmp reissued a “market perform” rating on shares of Lennar in a research report on Wednesday, January 7th. Argus raised shares of Lennar to a “strong-buy” rating in a report on Friday, January 16th. Wall Street Zen lowered shares of Lennar from a “hold” rating to a “sell” rating in a research note on Monday, December 8th. Finally, Bank of America reissued an “underperform” rating and set a $95.00 price target (down from $125.00) on shares of Lennar in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $102.07.

Lennar Stock Down 2.5%

Shares of NYSE LEN opened at $94.57 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The company has a 50-day moving average price of $111.96 and a 200-day moving average price of $118.84. The stock has a market capitalization of $23.36 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.03 and a beta of 1.43. Lennar has a 1 year low of $92.17 and a 1 year high of $144.24.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.07). The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. Lennar’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.14 EPS. On average, equities research analysts forecast that Lennar will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. Lennar’s dividend payout ratio (DPR) is currently 28.74%.

Hedge Funds Weigh In On Lennar

A number of hedge funds and other institutional investors have recently made changes to their positions in LEN. Viking Global Investors LP increased its holdings in Lennar by 86.7% during the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock worth $279,135,000 after buying an additional 1,172,068 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in Lennar by 90.9% in the fourth 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 acquiring an additional 934,856 shares during the last quarter. Freestone Grove Partners LP bought a new position in shares of Lennar during the 4th quarter valued at approximately $95,941,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Lennar by 14.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock valued at $596,504,000 after acquiring an additional 603,004 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Lennar by 1,303.1% during the 4th quarter. Bank of Nova Scotia now owns 490,105 shares of the construction company’s stock worth $50,383,000 after purchasing an additional 455,174 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Key Lennar News

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Potential value unlock from Miami‑Dade rezoning — Lennar is pursuing rezoning of a Miami‑Dade site for townhouses, which could improve density and margins on that land parcel if approved. Lennar could rezone Miami‑Dade site for townhouses
• Positive Sentiment: Short-term positive reaction to analyst target changes earlier this week — some coverage adjustments briefly lifted the stock intraday as investors re‑priced forward expectations. Why Is Lennar Corporation Stock Trading Higher Today?
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target to $105 and set a “market perform” rating — the new target still implies modest upside vs. current levels but signals a cautious stance. Benzinga
• Neutral Sentiment: Citigroup lowered its target to $104 and moved to “neutral,” another sign of more muted expectations from Street analysts. Benzinga
• Negative Sentiment: Quarterly miss — Lennar reported $0.88 EPS (vs. ~ $0.95 consensus) and revenue of $6.619B (vs. ~ $6.88B consensus). The top‑line decline and earnings miss are the primary fundamental reasons investors are retrenching. Earnings and revenue miss details
• Negative Sentiment: Bearish sell‑side notes — Truist and UBS issued pessimistic forecasts for LEN, adding downward pressure by signaling weaker outlooks from major brokers. Truist forecast UBS forecast
• Negative Sentiment: Local opposition/regulatory risk — Resident pushback against Lennar projects (e.g., Hill Country coverage) highlights execution and permitting risks that can delay projects and increase costs. Hill Country opposition

About Lennar

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.