Lennar (LEN) Stock Overview
Operates as a homebuilder primarily under the Lennar brand in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
LEN Community Fair Values
Create NarrativeSee what 76 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$162.49
FV
45.4% undervalued intrinsic discount5.67%
Revenue growth p.a.
3.5k
users have viewed this narrative5users have liked this narrative
0users have commented on this narrative
24users have followed this narrative
Lennar Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$88.71 |
| 52 Week High | US$144.24 |
| 52 Week Low | US$83.03 |
| Beta | 1.49 |
| 1 Month Change | 4.51% |
| 3 Month Change | -20.25% |
| 1 Year Change | -18.32% |
| 3 Year Change | -22.27% |
| 5 Year Change | -15.96% |
| Change since IPO | 7,253.12% |
Recent News & Updates
LEN: Costly Land Banking Will Drive Weaker Margins And Returns Ahead
Analysts have trimmed Lennar's price targets across the Street, often into a $77 to $110 range, citing softer earnings expectations, margin and land banking pressures, and a view that the valuation looks stretched relative to peers. Analyst Commentary Recent research notes point to a clear reset in expectations, with many bearish analysts cutting price targets into a tighter band and leaning on Underperform, Sell, or Hold stances.Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution
Apr 27LEN: Expensive Land Banking Will Keep Margins And Returns Under Pressure
Analysts have trimmed Lennar's fair value estimate to $74 from $80. This reflects a cluster of recent price target cuts that cite softer revenue growth assumptions, modestly lower margin expectations, a slightly higher discount rate, and concerns about valuation relative to peers, as well as ongoing demand and land banking risks.Recent updates
LEN: Costly Land Banking Will Drive Weaker Margins And Returns Ahead
Analysts have trimmed Lennar's price targets across the Street, often into a $77 to $110 range, citing softer earnings expectations, margin and land banking pressures, and a view that the valuation looks stretched relative to peers. Analyst Commentary Recent research notes point to a clear reset in expectations, with many bearish analysts cutting price targets into a tighter band and leaning on Underperform, Sell, or Hold stances.Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution
Apr 27LEN: Expensive Land Banking Will Keep Margins And Returns Under Pressure
Analysts have trimmed Lennar's fair value estimate to $74 from $80. This reflects a cluster of recent price target cuts that cite softer revenue growth assumptions, modestly lower margin expectations, a slightly higher discount rate, and concerns about valuation relative to peers, as well as ongoing demand and land banking risks.
LEN: Supply Efficiencies And Incentive Rollback Will Support Margins Despite Antitrust Overhang
Analysts have reduced Lennar's fair value estimate from $108.62 to $101.57. This reflects updated price targets that balance expectations for slightly higher revenue growth and a higher future P/E with softer profit margin assumptions, ongoing concerns around land banking costs, and a series of reduced Street targets across banks.LEN: Costly Land Banking And Incentive Needs Will Pressure Future Returns
Analyst price targets for Lennar have generally moved lower, with cuts ranging from about $1 to $15 to reflect updated models after Q1 results, softer expected deliveries and financial services income, ongoing concerns about land banking costs, and persistent demand and affordability headwinds. Analyst Commentary Recent research has tilted more cautious, with several bearish analysts trimming price targets after the Q1 update and related guidance.LEN: Mortgage Trends And Margin Recalibration Will Balance Affordability And Antitrust Risks
Analysts have revised their fair value estimate for Lennar from $127.13 to $108.62. This reflects a mix of higher price targets from some firms and reduced expectations from others, as they weigh pressure on gross margins, housing affordability concerns, and the pace of inventory clearance into 2026.LEN: Incentive Driven Margin Pressure And Antitrust Risks Will Constrain Future Returns
Analysts have adjusted Lennar's price targets in a relatively tight range, with recent moves from $88 to $125 reflecting mixed views around near term housing demand, incentives and margins, as well as potential impacts from inventory clearance and management changes. Analyst Commentary Recent research points to a more cautious stance on Lennar, with several bearish analysts flagging risks around margins, inventory clearance, and housing affordability, even as Goldman Sachs lifted its price target slightly to $125 and kept a Neutral rating.
LEN: Housing Incentives Will Pressure Margins Yet Support Long Term Earnings Power
Analysts have trimmed their fair value estimate for Lennar from about US$159 to roughly US$153. This reflects a mix of lower expected profit margins, a slightly higher discount rate, and recent Street research pointing to slower housing activity, cautious 2026 demand visibility, and potential pressure on gross margins as incentives rise and inventory is cleared.LEN: Prolonged Margin Pressure From Incentives Will Weigh On Future Returns
The analyst price target for Lennar has shifted as recent research combined a higher US$125 target with several lower targets, reflecting differing views on how slower housing activity, margin pressure, inventory clearance and management changes may affect the stock's risk and reward profile. Analyst Commentary Recent research on Lennar reflects a mixed backdrop, with one major bank lifting its price target while several bearish analysts cut targets or downgraded the stock.LEN: Rising Discount Rate Will Pressure Margins And Future Share Returns
Analysts have reduced their price target for Lennar from 95 dollars to 80 dollars, reflecting expectations for slightly higher discount rates and weaker profit margins, despite marginally stronger revenue growth assumptions and a modest uptick in the future earnings multiple. What's in the News Lennar completed its multiyear share repurchase program, retiring 63,185,859 shares, or 22.12% of shares outstanding, for a total of about 7.37 billion dollars under the buyback launched in January 2021 (company filing).LEN: Mortgage Trends And Margin Recalibration Will Shape Homebuilding Cycle Ahead
The analyst price target for Lennar has been modestly reduced by analysts, with a slightly lower fair value of about $127.13 reflecting tempered expectations for revenue growth, profit margins, and near term industry headwinds, despite some support from sector multiple expansion and easing mortgage rates. Analyst Commentary Street research on Lennar following its fiscal Q3 results reflects a wide dispersion in price targets and a generally balanced stance, with most firms maintaining Neutral or equivalent ratings despite significant target revisions.LEN: Mixed Earnings And Mortgage Rate Direction Will Influence Sector Recovery Ahead
Analysts slightly adjusted their price targets for Lennar, with changes reflecting recent mixed quarterly results, ongoing margin pressures, and evolving expectations for sector multiples and mortgage rates. Analyst Commentary Recent analyst revisions to Lennar's price target reflect a range of outlooks tied to the company's current performance, outlook, and sector positioning.LEN: Housing Demand And Mortgage Rates Will Shape The Path Forward
Analysts have modestly raised their price targets for Lennar, citing broader sector multiple expansion and potential benefits from improved mortgage rates. Despite recent earnings challenges, the average target has increased by several dollars per share.LEN: Softer Demand And Margin Cycles Will Shape A Balanced Outlook Ahead
Lennar's analyst price target experienced mixed adjustments recently, with targets ranging from a reduction to $92 to increases as high as $161. Analysts weighed Q3 earnings misses, sector multiple expansion, and shifting market conditions to justify their updated views.Asset Light Model And Rausch Coleman Acquisition Will Build Success
Lennar’s analyst price target has been modestly lowered by $1.57 to $127.50. Analysts cite a softer market backdrop, evolving industry valuations, and ongoing pressure on margins as key factors behind the revised outlook.Asset Light Model And Rausch Coleman Acquisition Will Build Success
Analysts have modestly raised their price target on Lennar, increasing fair value by about $3.64 per share to $129.07. Recent research highlights improving sector multiples and potential benefits from easing mortgage rates, despite ongoing margin and delivery challenges.Asset Light Model And Rausch Coleman Acquisition Will Build Success
Lennar’s consensus price target was modestly increased to $125.43 as analysts cited improved sentiment driven by potential rate cuts, sector-wide valuation upgrades, and increased investor focus, reflecting only a slight upward revision to its fair value. Analyst Commentary Bullish analysts cite investor optimism on the potential for lower interest rates.Asset Light Model And Rausch Coleman Acquisition Will Build Success
Analysts are divided on Lennar, with bulls citing sector optimism from potential rate cuts and increased investor interest, while bears point to margin pressures, weak recent results, and affordability headwinds, resulting in the consensus price target holding steady at $124.00. Analyst Commentary Bullish analysts are raising valuation multiples across the homebuilding sector following a re-rating as investors price in forward optimism about lower interest rates.Lennar (NYSE:LEN) Has Affirmed Its Dividend Of $0.50
Jun 23
Is Now An Opportune Moment To Examine Lennar Corporation (NYSE:LEN)?
Jun 16Improved Earnings Required Before Lennar Corporation (NYSE:LEN) Shares Find Their Feet
May 26Lennar: Rating Downgrade As Various Indicators Point To Poor Earnings Outlook In 2025
Mar 26Lennar Q1 Earnings Preview: Caution About The Outlook Is Merited
Mar 10The Future of Lennar and Homebuilding Faces Short Term Challenges with Potential for Long Term Growth
1y Price Target: $149.57, a 13.7% increase from 131.58, 10.5% below analysts’ 23.3% consensus because I believe earnings will grow from 2024’s $3.9B to $4B, with a slightly elevated PE ratio from todaShareholder Returns
| LEN | US Consumer Durables | US Market | |
|---|---|---|---|
| 7D | -6.1% | -5.2% | -0.2% |
| 1Y | -18.3% | 13.7% | 27.6% |
Return vs Industry: LEN underperformed the US Consumer Durables industry which returned 15.3% over the past year.
Return vs Market: LEN underperformed the US Market which returned 29.1% over the past year.
Price Volatility
| LEN volatility | |
|---|---|
| LEN Average Weekly Movement | 5.0% |
| Consumer Durables Industry Average Movement | 7.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: LEN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: LEN's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1954 | 12,532 | Stuart Miller | www.lennar.com |
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.
Lennar Corporation Fundamentals Summary
| LEN fundamental statistics | |
|---|---|
| Market cap | US$22.66b |
| Earnings (TTM) | US$1.77b |
| Revenue (TTM) | US$33.17b |
12.3x
P/E Ratio0.7x
P/S RatioIs LEN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LEN income statement (TTM) | |
|---|---|
| Revenue | US$33.17b |
| Cost of Revenue | US$27.00b |
| Gross Profit | US$5.60b |
| Other Expenses | US$3.83b |
| Earnings | US$1.77b |
Last Reported Earnings
Feb 28, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.19 |
| Gross Margin | 16.87% |
| Net Profit Margin | 5.34% |
| Debt/Equity Ratio | 23.9% |
How did LEN perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield29%
Payout RatioDoes LEN pay a reliable dividends?
See LEN dividend history and benchmarks| Lennar dividend dates | |
|---|---|
| Ex Dividend Date | Apr 22 2026 |
| Dividend Pay Date | May 06 2026 |
| Days until Ex dividend | 9 days |
| Days until Dividend pay date | 5 days |
Does LEN pay a reliable dividends?
See LEN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/29 12:26 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lennar Corporation is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Graja | Argus Research Company |
| Stephen Kim | Barclays |
| Matthew Bouley | Barclays |