Cannell & Spears LLC Increases Holdings in Lennar Corporation $LEN

Cannell & Spears LLC increased its position in Lennar Corporation (NYSE:LEN) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,184 shares of the construction company’s stock after buying an additional 33,433 shares during the quarter. Cannell & Spears LLC owned 0.09% of Lennar worth $28,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Guerra Advisors Inc bought a new stake in shares of Lennar in the 3rd quarter worth approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in Lennar in the 3rd quarter worth $26,000. Rexford Capital Inc. bought a new stake in Lennar in the second quarter worth $36,000. Washington Trust Advisors Inc. boosted its position in Lennar by 102.7% during the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after buying an additional 188 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new stake in Lennar during the second quarter valued at about $47,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

Shares of NYSE LEN opened at $95.01 on Friday. Lennar Corporation has a 1 year low of $92.17 and a 1 year high of $144.24. The stock has a market capitalization of $23.47 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.37 and a beta of 1.43. The company’s 50-day moving average is $112.52 and its 200 day moving average is $119.63. 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 (NYSE:LEN) last posted its quarterly earnings data 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). Lennar had a net margin of 5.39% and a return on equity of 7.76%. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, February 4th. Lennar’s dividend payout ratio is 28.74%.

Lennar News Summary

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Management guided fiscal Q2 deliveries to roughly 20,000–21,000 homes and expects home-sales gross margin to tick up to 15.5%–16.0% (from 15.2% in Q1), signaling modest margin improvement into the spring selling season. Lennar shares rise as investors digest Q1 results and upbeat Q2 delivery outlook
• Positive Sentiment: The company repurchased about 2 million shares for $237 million during the quarter and ended with roughly $2.1 billion of homebuilding cash and no borrowings on its revolver — supporting buyback-driven EPS support and liquidity resilience. Lennar shares rise as investors digest Q1 results and upbeat Q2 delivery outlook
• Positive Sentiment: Operational stability: new home orders were up about 1% year-over-year to ~18,500 homes and backlog remained meaningful (~15,588 homes, ~ $6.0B), suggesting order stability even as market demand softens. Lennar’s Q1 Earnings & Revenues Miss, New Home Orders Up Y/Y
• Neutral Sentiment: Policy noise: President Trump signed executive orders intended to ease housing construction and expand mortgage access, but homebuilder stocks (including LEN) showed little immediate reaction — a weak near-term catalyst. Trump Signs Housing Orders. Home Builder Stocks Shrug.
• Neutral Sentiment: Street sentiment remains mixed/tilted cautious — recent consensus analyst stance is around “Reduce” with a median 6‑month target near $107.5, leaving valuation upside/downside dependent on macro and incentive trends. Lennar Corporation (NYSE:LEN) Receives Average Rating of “Reduce” from Analysts
• Negative Sentiment: Q1 financials missed consensus: adjusted EPS and revenues fell short (EPS ~ $0.88–0.93 vs. est. ~$0.95; revenue ~$6.6B vs. est. ~$6.9–7.0B), with revenue down ~13% YoY and net income sharply lower — a near-term drag on sentiment. Lennar Q1 earnings report summary
• Negative Sentiment: Deliveries and market pressure: reported home deliveries came in below guidance/consensus and incentives remain elevated (~double-digit levels in some reports), underscoring affordability headwinds that could compress margins if the market weakens further. Lennar Earnings Miss Is a Bad Sign for Home Builder Stocks—Even if They’re Rising Today

Analyst Ratings Changes

A number of research firms have recently weighed in on LEN. Citizens Jmp reissued a “market perform” rating on shares of Lennar in a research note on Wednesday, January 7th. JPMorgan Chase & Co. reduced their price target on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, December 18th. Barclays lowered their price objective on Lennar from $98.00 to $88.00 and set an “underweight” rating for the company in a research report on Thursday, December 18th. Truist Financial assumed coverage on Lennar in a research note on Wednesday, March 4th. They set a “hold” rating and a $110.00 price objective for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Lennar from $125.00 to $115.00 and set a “market perform” rating on the stock in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, Lennar currently has an average rating of “Reduce” and an average price target of $106.14.

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.