Hennion & Walsh Asset Management Inc. Cuts Stake in Lennar Corporation $LEN

Hennion & Walsh Asset Management Inc. decreased its stake in Lennar Corporation (NYSE:LEN) by 29.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,087 shares of the construction company’s stock after selling 5,877 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lennar were worth $1,776,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Lennar by 27.9% during the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after purchasing an additional 377 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Lennar by 3.4% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,708 shares of the construction company’s stock worth $426,000 after buying an additional 121 shares during the period. Ascent Group LLC lifted its holdings in Lennar by 13.4% in the 1st quarter. Ascent Group LLC now owns 1,862 shares of the construction company’s stock worth $214,000 after buying an additional 220 shares in the last quarter. MBB Public Markets I LLC purchased a new position in Lennar in the 1st quarter valued at about $298,000. Finally, SCS Capital Management LLC acquired a new stake in shares of Lennar during the first quarter valued at about $420,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Stock Performance

Shares of LEN opened at $109.49 on Friday. The stock has a market capitalization of $27.92 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.13 and a beta of 1.42. The business’s fifty day moving average price is $117.05 and its 200 day moving average price is $121.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. Lennar Corporation has a 12-month low of $98.42 and a 12-month high of $144.24.

Lennar (NYSE:LEN) last issued its earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a return on equity of 9.27% and a net margin of 6.08%.The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the company posted $4.03 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JMP Securities increased their price target on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Bank of America reiterated an “underperform” rating and set a $95.00 target price (down from $125.00) on shares of Lennar in a research note on Thursday, December 18th. BTIG Research set a $90.00 price target on shares of Lennar in a research note on Thursday, December 18th. Barclays cut their price target on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating on the stock in a report on Thursday, December 18th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Lennar in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $106.54.

Key Stories Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar sold majority control of its struggling multifamily business to TPG, which should reduce ongoing losses and capital needs for Lennar while bringing in an institutional partner and cash. This strategic move is the main positive catalyst supporting the stock today. Lennar sells majority control of multifamily division to TPG
• Neutral Sentiment: Local planning friction: a proposed additional development near Helotes Creek is drawing community scrutiny — contains localized project risk but limited broader corporate impact. Proposal near Helotes Creek draws scrutiny
• Neutral Sentiment: Industry note — Barron’s highlights that homebuilders have momentum but may need to offer buyer incentives to sustain it; this is a market-level tailwind/conditional factor rather than company-specific news. Home Builder Stocks Are Off to a Good Start
• Negative Sentiment: Analyst downgrades and price-target cuts have picked up: Citigroup cut its target from $133 to $113 and put a neutral rating on LEN, Wells Fargo trimmed its target to $105, and UBS issued a downgrade — these moves tighten near-term upside and reflect disappointment after Lennar’s underwhelming quarter. Citigroup cuts LEN target Wells Fargo lowers target to $105 UBS downgrades LEN
• Negative Sentiment: Zacks issued a lower FY2028 EPS estimate (about $10.17 vs. the consensus near $12.48) and Citizens/JMP has moved Lennar to/kept it at market-perform after a weak Q4 — these lower estimates and conservative ratings increase downside risk until guidance or results improve. Zacks FY2028 estimate Citizens/JMP market perform

Lennar 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.