Lennar (NYSE:LEN) Updates Q3 2026 Earnings Guidance

Lennar (NYSE:LEN) updated its third quarter 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.200-1.400 for the period, compared to the consensus estimate of 1.710. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research firms have recently commented on LEN. Weiss Ratings lowered shares of Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 16th. BofA lowered their price target on shares of Lennar from $88.00 to $84.00 and set an “underperform” rating on the stock in a research report on Friday. The Goldman Sachs Group reiterated a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. Seaport Research Partners reiterated a “sell” rating and issued a $74.00 price target (down from $140.00) on shares of Lennar in a research report on Tuesday, April 7th. Finally, Zacks Research upgraded shares of Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $96.44.

Lennar Stock Down 5.2%

Shares of NYSE LEN opened at $90.03 on Friday. Lennar has a 1 year low of $81.18 and a 1 year high of $144.24. The firm’s 50 day moving average price is $89.38 and its 200 day moving average price is $103.36. The firm has a market cap of $22.24 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.04%. The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the business earned $1.81 earnings per share. Lennar’s revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lennar will post 5.85 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. Lennar’s dividend payout ratio (DPR) is 28.74%.

Key Lennar News

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Second-quarter adjusted EPS came in above expectations, showing Lennar is still controlling costs well even in a softer housing market. Lennar Q2 Earnings Beat Estimates on Cost Discipline, Revenues Miss
• Positive Sentiment: The company continued repurchasing shares and ended the quarter with a strong cash position and no outstanding borrowings on its revolving credit facility, which supports financial flexibility. Lennar Reports Second Quarter 2026 Results
• Neutral Sentiment: Lennar’s revenue missed Wall Street estimates, but deliveries rose modestly year over year, suggesting demand is holding up better than the headline revenue figure implies. Lennar Reports Second Quarter 2026 Results
• Negative Sentiment: Management cut full-year delivery guidance to about 82,000-83,000 homes and set third-quarter EPS guidance below analysts’ expectations, signaling continued pressure from high mortgage rates and affordability issues. Lennar Cuts Full-Year Target, Citing ‘Stubborn’ Housing-Market Headwinds
• Negative Sentiment: Home-sale gross margin fell to 15.6%, and new orders declined year over year, reinforcing concerns that incentives and pricing pressure are weighing on profitability. Lennar Reports Second Quarter 2026 Results

Institutional Trading of Lennar

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Lennar by 27.9% in the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after acquiring an additional 377 shares during the period. Rossby Financial LCC raised its stake in shares of Lennar by 9.1% in the 4th quarter. Rossby Financial LCC now owns 1,059 shares of the construction company’s stock valued at $109,000 after acquiring an additional 88 shares during the period. Federated Hermes Inc. raised its stake in shares of Lennar by 1,360.3% in the 4th quarter. Federated Hermes Inc. now owns 920 shares of the construction company’s stock valued at $95,000 after acquiring an additional 857 shares during the period. Zions Bancorporation National Association UT raised its stake in shares of Lennar by 27.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,431 shares of the construction company’s stock valued at $147,000 after acquiring an additional 304 shares during the period. Finally, von Borstel & Associates Inc. purchased a new stake in Lennar during the 3rd quarter worth $207,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Company 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.