Royal Bank Of Canada Lowers Lennar (NYSE:LEN) Price Target to $69.00

Lennar (NYSE:LEN) had its target price decreased by investment analysts at Royal Bank Of Canada from $85.00 to $69.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “underperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 9.93% from the company’s previous close.

Other research analysts also recently issued research reports about the company. BTIG Research restated a “sell” rating on shares of Lennar in a research note on Friday. Citizens Jmp restated a “market perform” rating on shares of Lennar in a research report on Thursday. Wells Fargo & Company decreased their target price on shares of Lennar from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. Argus set a $108.00 target price on shares of Lennar in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and ten have issued a Sell rating to the company’s stock. According to MarketBeat, Lennar presently has an average rating of “Reduce” and a consensus price target of $89.33.

Lennar Stock Down 3.9%

Lennar stock opened at $76.61 on Friday. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.63 and a beta of 1.39. The firm has a 50 day simple moving average of $84.31 and a 200 day simple moving average of $88.54. Lennar has a 1-year low of $76.07 and a 1-year high of $133.76. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Lennar (NYSE:LEN) last posted its quarterly 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). The company had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $8.32 billion. Lennar had a return on equity of 6.13% and a net margin of 4.09%.Lennar’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 earnings per share. On average, analysts predict that Lennar will post 5.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in shares of 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 purchasing an additional 419,745 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its holdings 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 worth $201,835,000 after buying an additional 934,856 shares during the period. Swiss National Bank increased its stake in Lennar by 4.8% in the 1st 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 increased its stake in Lennar by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company’s stock worth $47,462,000 after buying an additional 43,186 shares in the last quarter. Finally, National Pension Service raised its holdings in Lennar by 4.7% during the fourth quarter. National Pension Service now owns 445,407 shares of the construction company’s stock valued at $45,788,000 after acquiring an additional 19,878 shares during the period. 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: Lennar repurchased 3 million shares for $256 million, redeemed $400 million of senior notes, and reported homebuilding debt equal to 16.6% of total capital. These actions may support per-share value and reinforce confidence in the company’s liquidity. Lennar Reports Third Quarter 2026 Results
• Positive Sentiment: The company continues investing for future demand, including acquiring 444 lots near Taiwan Semiconductor’s major Phoenix-area project and opening communities in Alabama and California. Lennar snags 444 lots near TSMC project
• Neutral Sentiment: Citizens JMP reaffirmed its “market perform” rating, reflecting a balanced view after the earnings release. Analysts’ questions focused on affordability, pricing, incentives, demand and the path for margins. Five Must-Read Analyst Questions
• Negative Sentiment: Third-quarter net income fell 52% year over year to $284 million, or $1.19 per diluted share; adjusted EPS was $1.23, below the $1.29 consensus. Revenue declined 8.7% to $8.05 billion, also missing estimates. Lennar profit halves as mortgage rates pressure buyers
• Negative Sentiment: New orders dropped 9%, deliveries fell 3%, and gross margin on home sales contracted to 15.8% from 17.5%. Lennar cut its full-year delivery target again to 80,000–81,000 homes, below prior guidance and analyst expectations.
• Negative Sentiment: Fourth-quarter EPS guidance of $1.30–$1.65 is well below the $1.99 consensus. Management also warned that higher mortgage rates are causing buyers to stretch their finances, pointing to continued affordability and demand pressure. Lennar guides below consensus earnings

Lennar Company Profile

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.