Citigroup Cuts Lennar (NYSE:LEN) Price Target to $113.00

Lennar (NYSE:LEN) had its target price lowered by Citigroup from $133.00 to $113.00 in a research note published on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

A number of other equities research analysts also recently weighed in on LEN. Barclays dropped their price target on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating for the company in a research note on Thursday, December 18th. Zacks Research upgraded shares of Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Lennar in a research note on Wednesday, October 8th. UBS Group cut Lennar from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $137.00 to $122.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, Lennar has a consensus rating of “Reduce” and a consensus target price of $106.00.

Lennar Trading Up 8.6%

Shares of LEN opened at $118.92 on Thursday. The stock’s fifty day simple moving average is $116.95 and its 200-day simple moving average is $121.31. The firm has a market capitalization of $30.33 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. Lennar has a 12-month low of $98.42 and a 12-month high of $144.24. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 EPS 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 firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the previous year, the business earned $4.03 earnings per share. Lennar’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, research analysts predict that Lennar will post 12.48 earnings per share for the current year.

Hedge Funds Weigh In On Lennar

Large investors have recently added to or reduced their stakes in the company. denkapparat Operations GmbH acquired a new position in Lennar in the second quarter valued at about $408,000. MBB Public Markets I LLC acquired a new stake in Lennar during the first quarter worth about $298,000. Swiss National Bank increased its holdings in Lennar by 4.3% in the 2nd quarter. Swiss National Bank now owns 702,872 shares of the construction company’s stock valued at $77,745,000 after buying an additional 29,300 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in Lennar during the second quarter valued at approximately $441,000. Finally, Waverton Investment Management Ltd acquired a new stake in Lennar in the second quarter valued at about $1,051,000. Institutional investors own 81.10% of the company’s stock.

Key Headlines Impacting Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Shares rose today on heavy volume, indicating buying interest that outweighed the negative analyst headlines (volume above average; technicals show price above the 50‑day SMA).
• Neutral Sentiment: Zacks published a FY2028 EPS projection of $10.17 for Lennar, signaling a longer‑range recovery expectation even as nearer‑term estimates were cut.
• Neutral Sentiment: Citizens / JMP reaffirmed a Market Perform (neutral) rating on LEN. Citizens Jmp Reaffirms Market Perform Rating for Lennar (NYSE:LEN)
• Neutral Sentiment: TPG’s acquisition of a majority interest in Quarterra was reported; this is industry‑level M&A news that may indirectly affect builder sentiment in certain markets but has no direct confirmed impact on Lennar. TPG Buys Majority Interest in Quarterra
• Negative Sentiment: Zacks cut Lennar’s near‑term and medium‑term EPS forecasts across multiple quarters and fiscal years (examples: FY2026 cut roughly to $6.14 from prior ~ $8.77; FY2027 cut to $8.42 from ~$10.11; several quarterly downgrades). Zacks kept a “Hold” rating — the cuts reduce near‑term earnings visibility and are a clear negative for consensus‑driven valuation.
• Negative Sentiment: Major sell‑side moves: Citigroup trimmed its price target to $113 and kept a neutral view (reported via Benzinga), and Wells Fargo lowered its target to $105 — both put downward pressure on sentiment. Citigroup price target cut reported at Benzinga Wells Fargo Lowers Lennar Price Target
• Negative Sentiment: Coverage notes after Lennar’s Q4 showing: some outlets and analysts moved LEN to market‑perform/neutral following an “underwhelming” quarter (Citizens/MSN coverage), reinforcing cautious sentiment. Lennar lowered to market perform at Citizens after underwhelming Q4

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.