Basswood Capital Management L.L.C. Reduces Stock Holdings in Lennar Corporation $LEN

Basswood Capital Management L.L.C. reduced its stake in Lennar Corporation (NYSE:LEN) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,267 shares of the construction company’s stock after selling 17,784 shares during the period. Basswood Capital Management L.L.C.’s holdings in Lennar were worth $9,074,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Lennar by 14.6% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock valued at $596,504,000 after purchasing an additional 603,004 shares during the last quarter. Viking Global Investors LP increased its stake in Lennar by 86.7% in the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after purchasing an additional 1,172,068 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its stake in Lennar by 90.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock valued at $201,835,000 after purchasing an additional 934,856 shares during the last quarter. California Public Employees Retirement System increased its stake in Lennar by 41.0% in 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 purchasing an additional 168,196 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in Lennar by 3.7% in the third quarter. Caisse de depot et placement du Quebec now owns 555,305 shares of the construction company’s stock valued at $69,991,000 after purchasing an additional 19,566 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar News Roundup

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

Lennar Stock Performance

Shares of LEN opened at $90.03 on Friday. The company’s 50 day simple moving average is $89.38 and its 200-day simple moving average is $103.36. Lennar Corporation has a 12-month low of $81.18 and a 12-month high of $144.24. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a market cap of $22.24 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, beating 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 period last year, the firm posted $1.81 EPS. Lennar’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, equities analysts predict that Lennar Corporation will post 5.85 EPS for the current year.

Lennar Dividend Announcement

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

Wall Street Analysts Forecast Growth

LEN has been the topic of several recent analyst reports. Citigroup dropped their price target on shares of Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Seaport Research Partners restated a “sell” rating and set a $74.00 target price (down from $140.00) on shares of Lennar in a research report on Tuesday, April 7th. Argus lowered their target price on shares of Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. Finally, Barclays lowered their target price on shares of Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, Lennar presently has an average rating of “Reduce” and an average target price of $96.44.

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.