DailyIQ
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Sector:Consumer CyclicalAll sectors
Last updatedUpdating…

LEN·Lennar Corporation

$72.89
-2.03 (-2.71%)
High
$75.57
Open
$73.50
Market Cap
17.71B
52W High
$133.85
Low
$71.78
P. Close
$72.89
P/E
13.54
52W Low
$73.74
Fwd P/E
14.25
DailyIQ Est.
$69.32
Inst. Ownership
42.7%
Short Interest
8.12%
Days to Cover
3.0
Div. Yield
2.66%
Next Ex-Div
~Jan 1
NewEarnings release, scored · filed Sep 16, 2026Guidance lowered · tone -2.8 vs prior release · 93 lines scoredSee the breakdown
Technical Score (1D)
9
BEARISH
News Sentiment
40
BEARISH
On Oct 13, Lennar announced the grand opening of its Foxwood community in Decatur, Alabama, a new single‑family home development positioned near the Tennessee River and close to Huntsville’s employment and entertainment centers. The company invited prospective buyers to attend a celebration event on Oct 14 to experience the neighborhood’s quiet, connected lifestyle, signaling continued expansion into the Alabama market and supporting Lennar’s broader growth strategy. On Oct 13, Berkshire Hathaway’s new chief executive Greg Abel increased the conglomerate’s stake in Lennar to 10% and completed a $6.8 billion purchase of Taylor Morrison Home, a move that some analysts view as a costly early misstep amid a sluggish housing market and rising mortgage rates. The article argues that the broader affordability crisis makes Lennar’s prospects uncertain and that Abel’s aggressive strategy contrasts with Buffett’s historical caution, raising concerns about timing. Both developments were reported on Oct 13, highlighting Lennar’s expansion efforts and the impact of Berkshire Hathaway’s investment decisions on the company’s outlook.
LOW TARGET
$63 -13.6%
7 analysts
MEAN TARGET
$78 +6.8%
17 analysts
HIGH TARGET
$120 +64.6%
3 analysts
PRICE RANGE
$63.00 - $120.00
SB / B / H / S / SS
2/1/10/12/2
DAILYIQ EST.
$69.32 (-4.9%)
Sector
Consumer Cyclical
Industry
Residential Construction
Exchange
NYQ
Country
United States
Website
lennar.com
Symbol
LEN
Description
Lennar Corporation is a leading U.S. homebuilder, primarily building under the Lennar brand, and is organized into several operational segments. Its core business centers on constructing and selling a diverse range of single-family homes, encompassing both attached and detached properties, while also engaging in land development for residential purposes. Beyond homebuilding, Lennar offers a suite of financial services designed to support homebuyers, including mortgage financing, title insurance, and closing services. This Miami-based company also develops, constructs, and manages multifamily rental properties, catering to a broad spectrum of homebuyers, from first-time buyers to those seeking luxury homes. Established in 1954, Lennar has solidified its position in the market by providing a comprehensive approach to housing and related financial services.
Bought (1Y)
4,758,747 shares
$382.9M
Sold (1Y)
0 shares
$0
BERKSHIRE HATHAWAY INC-
Buy299 shares2026-10-02
BERKSHIRE HATHAWAY INC-
Buy5,135 shares2026-10-02
BERKSHIRE HATHAWAY INC-
Buy2,452 shares2026-10-02
BERKSHIRE HATHAWAY INC-
Buy2,290 shares2026-10-02
BERKSHIRE HATHAWAY INC-
Buy20,200 shares2026-10-02
View full insider trading history →
64/ 100
Neutral / mixed
Overall: Neutral
✕Revenue declining year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
6.1%
Revenue CAGR
12.6%
Debt / Equity
0.27x
Return on Equity
9.5%
View full financials →
Earnings Summary
Lennar Corporation, a leading U.S. homebuilder headquartered in Miami, constructs and sells single‑family homes and develops multifamily rentals while offering mortgage and title services, positioning it as a comprehensive player in the residential construction sector. In the most recent two quarters, Lennar’s revenue grew from $7.62 billion in Q1 2025 to $8.38 billion in Q2 2025, a 10.5% increase, and then to $8.81 billion in Q3 2025, a 5.4% rise, before accelerating to $9.37 billion in Q4 2025, a 6.7% jump; however, Q1 2026 revenue fell 3.9% to $6.62 billion, and Q2 2026 revenue declined 1.9% to $7.94 billion, indicating a recent slowdown. EPS trends mirrored revenue: Q1 2025 EPS of $2.14 beat the $1.71 estimate, Q2 2025 EPS of $1.90 fell slightly below the $1.94 estimate, Q3 2025 EPS of $2.00 missed the $2.09 estimate, and Q4 2025 EPS of $1.93 exceeded the $0.95 estimate, showing a pattern of mixed beats and misses over the last four quarters. Historically, Lennar has delivered year‑over‑year revenue growth in the mid‑teens, with EPS often lagging due to margin compression; the company beat analyst estimates in three of the last four quarters, but missed in Q3 2025, underscoring a recurring trend of strong top‑line performance amid earnings volatility. Recent news highlights a shift to a land‑light, volume‑first strategy, with nine‑month home‑sale revenues falling 7% to $21.6 billion, deliveries down 2% to 58,222 units, and average selling price dropping 5% to $372,000, while gross margin contracted to 15.5% from 18%; Wells Fargo lowered its price target to $75 citing broader sector concerns, and Berkshire Hathaway increased its stake to roughly 12%, signaling confidence in long‑term prospects.

EPS

EstBeatMiss
$0.70$1.09$1.49$1.88$2.28Q3'25Q4'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.44 - -
Q3'26$1.32$1.23-6.5%
Q2'26$1.26$1.31+3.9%
Q1'26$0.95$0.88-7.0%
Q4'25$0.95$1.93+102.2%
Q3'25$2.09$2.00-4.5%

Revenue

EstBeatMiss
$6.2B$7.1B$8.0B$8.9B$9.8BQ3'25Q4'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$8.9B - -
Q3'26$8.4B$8.0B-4.1%
Q2'26$8.1B$7.9B-2.0%
Q1'26$6.9B$6.6B-4.1%
Q4'25$6.9B$9.4B+35.8%
Q3'25 - $8.8B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

LEN Stock Snapshot

BEARISH9/100
$72.89−$2.03 (2.7%)
Market cap
17.71B
P/E ratio
13.5
Day range
$71.78 – $75.57
News sentiment
40/100 · Bearish
Analyst target
$77.87 (+6.8%)
Consensus
Sell · 27 analysts
52-week range-1.2% off low · -45.5% from high
$73.74$133.85
Price $72.89 DailyIQ Est. $69.32

The chart on LEN has not stabilised: price is near its 52-week low and the trend is still down. In Consumer Cyclical, names this size usually take direction from sector flows before company-level news.

Reverse DCF

What growth is priced into LEN?

RICH

At today's price, Lennar Corporation needs to grow free cash flow about 109.2% a year for the next 10 years to justify its valuation at a 8.25% cost of capital. Over its actual history it has compounded free cash flow at -6.0% a year, so the market is asking for 115.2 percentage points above its own delivered rate. On that basis LEN looks priced above what its own growth record supports.

Implied FCF growth
109.2%
Historical FCF CAGR
-6.0%
Growth gap
+115.2 pts
Verdict
RICH
Discount rate (WACC)
8.25%
Beta
0.82

Behaviour On Record

What LEN's own history says about today's numbers

Realized volatility (21d)
48.1% 93rd pct
Below its peak
-58.8%
vs 200-day average
-19.3%
Up days (1y)
48%

Lennar Corporation is currently running 48.1% annualised volatility over the last 21 sessions. Measured against LEN's own 13 years of daily returns rather than a market-wide average, that is the 93rd percentile — an extreme by its own standards, against a typical reading of 29.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

LEN is trading -58.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.5%, and the deepest was -57.1% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -19.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 9th percentile — a narrower gap than it typically runs. Over the past year LEN closed higher on 48% of sessions, and it is currently 2 sessions into a rising streak.

On October specifically: over 14 years of records, LEN finished the month higher 7 of 14 times, with a median return of +0.7% and an average of -0.7%. Its strongest month historically has been November at +5.0% on average, its weakest September at -2.3%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: LEN has opened more than 2% away from the prior close in 132 of 3,268 sessions (4.0% of the time), with the largest gaps running +6.7% and -7.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 4 dated reports on file, LEN moved an average of 2.7% in the session after earnings, closing higher 2 of those 4 times, with a median move of +0.8% and a largest of +3.7%.

All figures computed from 3,269 daily closes between 2013-10-15 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against LEN's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of LEN's sector?

Lennar Corporation sits in the Consumer Discretionary sector, currently ranked 7th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#7 of 12
Sector state
Improving
Sector rotation score
55

Options Market

What is the options market pricing for LEN?

CallsPuts

For Lennar Corporation's nearest expiry (2026-10-16, 2 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.47), with at-the-money implied volatility around 42.7%. The options market is pricing roughly a ±3.1% move by that expiry — a range of about $70.36–$74.92.

Put/call ratio (2026-10-16)
1.47
ATM implied volatility
42.7%
Total open interest
33,283
Expected move by 2026-10-16
±3.1% ($70.36–$74.92)

Analyst Rating Changes

Are analysts turning bullish or bearish on LEN?

Wells Fargo most recently reiterated its rating on Lennar Corporation to Equal-Weight on Oct 7, 2026 with a price target of $75 (from $80). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Wells Fargo — Equal-Weight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 7, 2026Wells FargoMaintainedEqual-Weight$80 → $75
Oct 6, 2026Melius ResearchInitiatedSell$72
Oct 1, 2026Morgan StanleyInitiatedUnderweight$65
Sep 22, 2026Keefe, Bruyette & WoodsMaintainedUnderperform$85 → $75
Sep 21, 2026CitigroupMaintainedNeutral$88 → $85
Sep 18, 2026RBC CapitalMaintainedUnderperform$85 → $69
Sep 18, 2026BarclaysMaintainedUnderweight$79 → $70
Sep 18, 2026Evercore ISI GroupMaintainedUnderperform$87 → $78
Sep 17, 2026CitizensReiteratedMarket Perform-
Sep 16, 2026Truist SecuritiesMaintainedHold$80 → $75
Sep 14, 2026B of A SecuritiesMaintainedUnderperform$77 → $70
Sep 11, 2026Wells FargoMaintainedEqual-Weight$85 → $80

Earnings Release, Scored

What did Lennar Corporation's latest earnings release say?

Filed Sep 16, 2026 · SEC Form 8-K, Exhibit 99

Guidance lowered
Tone49.1/ 100-2.8 vs prior release
Hedging words0.53per 100 words-0.83 vs prior release
Tone, last 2 releasesScale 44–64

Most important lines

  1. 1

    New orders decreased 9%, to 20,879 homes, compared to prior year

    New this quarterNegative tone
  2. 2

    Deliveries decreased 3%, to 20,840 homes, compared to prior year

    New this quarterNegative tone
  3. 3

    While our earnings of $1.19 per share were below expectations, they reflect the nature of the environment in which we are operating, which has deteriorated since our last earnings call.”

    New this quarterNegative tone

Scores describe the release's wording. They are not a forecast.

Read all 93 scored lines →

Peers & ETF holders

LEN peers & ETF holders

Residential ConstructionMarket cap · today

Top ETF holdersWeight

News Sentiment Analysis

Sentiment gathered from recent headlines

40/100
Strong NegativeNeutralStrong Positive
BEARISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
The article reports that under new leadership, Berkshire Hathaway has built a 10% stake in Lennar and completed a $6.8 billion acquisition of Taylor Morrison Home, even as the housing market remains stalled and mortgage rates climb. It questions whether this aggressive bet is a costly early misstep for the conglomerate and for Lennar, given the challenging economic backdrop. The piece notes that Abel’s approach differs from Buffett’s traditional, more measured investment style. It suggests that the timing of the investment may expose Lennar to additional risk.
What did this article say?
Lennar announced the grand opening of its Foxwood community in Decatur, Alabama, on October 13. The development features single‑family homes positioned near the Tennessee River and close to Huntsville’s employment and entertainment centers. The company invited prospective buyers to attend a celebration event on October 14 to experience the neighborhood’s quiet, connected lifestyle. The opening signals continued expansion into the Alabama market and supports Lennar’s broader growth strategy.
What did this article say?
Lennar’s stock has fallen roughly one-third over the past year, prompting concerns about its valuation relative to expected cash flows. Rising mortgage rates have pressured the company’s sales pipeline, while new legal investigations have added uncertainty to its operations. Analysts question whether the current share price reflects the firm’s underlying fundamentals, suggesting a potential overvaluation. The combination of market headwinds and regulatory scrutiny has dampened investor sentiment toward the company.
What did this article say?
Lennar (LEN) broke ground on the Broadcast District, a mixed‑use development featuring 441 homes and a 120,000‑sq‑ft retail hub anchored by Whole Foods Market. The project follows a challenging period for the company, with shares down 26.4% YTD and a 33.6% decline in one‑year total shareholder return. The announcement signals a strategic push into new growth markets and is expected to support LEN’s long‑term value proposition. Investors view the development as a positive catalyst for future revenue streams.
What did this article say?
Lennar unveiled plans for the Broadcast District, a mixed‑use neighborhood that will combine residential units with retail and recreation spaces. The development will feature national retailers such as Whole Foods, Sephora, and Shake Shack as core commercial anchors. Lennar intends to offer a variety of home types to attract diverse buyers and household stages. The project represents a strategic shift toward integrated community design, potentially enhancing the company’s portfolio appeal and long‑term value.
What did this article say?
Lennar reported a 52% decline in net income for the quarter, citing worsening housing market conditions and a higher proportion of buyers unable to secure mortgages. Berkshire Hathaway increased its stake to 12% by purchasing roughly 2.42 million shares for $193 million as mortgage rates approached a three‑year high. The company’s guidance for the next earnings cycle will test the resilience of its volume strategy under these headwinds. The move underscores investor concern over Lennar’s ability to sustain growth in a tightening credit environment.
What did this article say?
Evercore ISI reduced its price target for Lennar (LEN) to $78 from $87, signaling a more cautious view of the company’s valuation. The downgrade places Lennar underweight in the analyst consensus, with a mean target of $74.86. The adjustment reflects concerns about Lennar’s growth prospects and market conditions, potentially impacting investor sentiment and trading activity.
What did this article say?
Analysts reviewed Millrose Properties’ 14% rental yield, noting the company’s close operational ties to LEN. The report highlighted a short‑seller investigation that had previously reduced LEN’s market cap by $1.4 billion. Despite the negative episode, the analysis concluded that LEN’s asset‑light model and strategic land bank position remain attractive, prompting the authors to maintain a long stance. The commentary emphasized LEN’s resilience and potential upside in the rental‑home market. Overall, the piece presents a cautiously optimistic view of LEN’s prospects.

Technical Analysis

Real-time indicators across multiple timeframes

9
BEARISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
Unlock full technicals
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Institutional & Hedge Fund Ownership
25 tracked managers · $9.34B combined position · 13 adding, 12 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▼ Sell24,497,58910.39%$2.52B2026-01-29
BlackRock, Inc.▲ Buy18,345,9647.78%$1.66B2026-08-07
Berkshire Hathaway Inc▲ Buy13,111,7415.56%$1.19B2026-08-14
Geode Capital Management, LLC▲ Buy5,832,9892.47%$525.82M2026-08-12
Goldman Sachs Group Inc▲ Buy3,585,5451.52%$324.46M2026-08-14
Morgan Stanley▲ Buy3,542,3721.50%$320.55M2026-08-13
Invesco Ltd.▲ Buy3,494,7171.48%$316.24M2026-08-14
Capital World Investors▲ Buy3,303,7611.40%$298.96M2026-08-12
AQR Capital Management LLC▲ Buy2,794,8211.19%$252.90M2026-08-14
Bank of America Corp▼ Sell2,656,4731.13%$240.38M2026-08-14
Two Sigma Investments, LP▼ Sell2,571,0151.09%$232.65M2026-08-14
Norges Bank▼ Sell2,459,7761.04%$222.59M2026-08-12
Janus Henderson Group plc▲ Buy2,546,9701.08%$221.18M2026-05-18
Northern Trust Corp▼ Sell2,066,8520.88%$187.03M2026-08-13
JPMorgan Chase & Co▼ Sell1,812,3260.77%$164.65M2026-08-12
FMR LLC (Fidelity)▲ Buy1,526,1070.65%$138.10M2026-08-13
Wells Fargo & Company▼ Sell1,323,7010.56%$119.78M2026-08-14
Neuberger Berman Group LLC▼ Sell1,047,4320.44%$94.78M2026-08-13
Citigroup Inc▲ Buy726,2290.31%$65.72M2026-08-03
D. E. Shaw & Co., Inc.▼ Sell624,7330.26%$56.53M2026-08-14
Susquehanna International Group, LLP▲ Buy601,3430.26%$54.42M2026-08-14
Squarepoint Ops LLC▼ Sell594,4480.25%$53.79M2026-08-14
Citadel Advisors LLC▼ Sell341,5920.14%$30.91M2026-09-02
Renaissance Technologies LLC▼ Sell322,1390.14%$29.15M2026-08-13
AllianceBernstein L.P.▲ Buy285,4000.12%$24.78M2026-08-14
Q2 2026 flow:6.59M sh bought ($596.18M)1.66M sh sold ($149.79M)net +4.94M sh (+$446.39M)
View full institutional holdings history →
Congressional Trading Activity
14 disclosed trades · ~$210.0K est. traded value · 6 buys, 8 sells
MemberChamberStateTypeAmountTradedFiled
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-272026-07-21
Gilbert CisnerosHouseCA31▼ Sell$1K - $15K2026-01-092026-02-13
Gilbert CisnerosHouseCA31▼ Sell$1K - $15K2025-12-192026-01-12
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2025-11-182025-12-15
Valerie HoyleHouseOR04▼ Sell$1K - $15K2025-09-232025-10-10
Valerie HoyleHouseOR04▲ Buy$1K - $15K2025-06-262025-09-12
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2025-05-302025-06-06
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-05-122025-06-22
Jefferson ShreveHouseIN06▲ Buy$15K - $50K2025-05-082025-06-22
Rob BresnahanHousePA08▼ Sell$1K - $15K2025-04-082025-04-28
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-03-312025-04-11
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-02-242025-03-09
Ritchie John TorresHouseNY15▼ Sell$1K - $15K2024-09-262025-08-20
Ritchie John TorresHouseNY15▲ Buy$1K - $15K2024-09-262025-08-20
View full congressional trading history →

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