Lennar Corporation $LEN Shares Sold by Eminence Capital LP

Eminence Capital LP reduced its stake in shares of Lennar Corporation (NYSE:LEN) by 32.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 993,224 shares of the construction company’s stock after selling 474,595 shares during the quarter. Lennar comprises approximately 1.5% of Eminence Capital LP’s holdings, making the stock its 28th largest position. Eminence Capital LP’s holdings in Lennar were worth $125,186,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LEN. Brevan Howard Capital Management LP grew its position in shares of Lennar by 82.9% during the third quarter. Brevan Howard Capital Management LP now owns 59,727 shares of the construction company’s stock worth $7,528,000 after acquiring an additional 27,064 shares during the last quarter. Cannell & Spears LLC lifted its position in Lennar by 17.4% in the 3rd quarter. Cannell & Spears LLC now owns 225,184 shares of the construction company’s stock valued at $28,382,000 after purchasing an additional 33,433 shares during the last quarter. Circle Wealth Management LLC grew its position in Lennar by 5.8% in the 3rd quarter. Circle Wealth Management LLC now owns 5,085 shares of the construction company’s stock worth $641,000 after purchasing an additional 280 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of Lennar by 32.3% in the third quarter. Ausdal Financial Partners Inc. now owns 2,525 shares of the construction company’s stock valued at $318,000 after purchasing an additional 616 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Lennar by 41.0% during the third quarter. California Public Employees Retirement System now owns 578,927 shares of the construction company’s stock valued at $72,968,000 after buying an additional 168,196 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

More Lennar News

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

Lennar Trading Up 2.7%

Shares of LEN stock opened at $95.01 on Friday. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $112.52 and a 200 day simple moving average of $119.63. Lennar Corporation has a fifty-two week low of $92.17 and a fifty-two week 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.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.76%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the company posted $2.14 earnings per share. Lennar’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 fiscal year.

Lennar Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LEN. BTIG Research set a $90.00 price objective on Lennar in a report on Thursday, December 18th. Zacks Research cut Lennar from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Bank of America restated an “underperform” rating and set a $95.00 price objective (down from $125.00) on shares of Lennar in a research note on Thursday, December 18th. Wells Fargo & Company decreased their target price on shares of Lennar from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group dropped their price target on shares of Lennar from $125.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $106.14.

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.