What is Wedbush’s Estimate for Lennar Q3 Earnings?

Lennar Co. (NYSE:LEN) – Investment analysts at Wedbush issued their Q3 2026 earnings per share (EPS) estimates for shares of Lennar in a report issued on Thursday, December 12th. Wedbush analyst J. Mccanless expects that the construction company will earn $4.43 per share for the quarter. Wedbush currently has a “Neutral” rating and a $164.00 target price on the stock. The consensus estimate for Lennar’s current full-year earnings is $14.11 per share.

LEN has been the topic of several other reports. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Bank of America raised their target price on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Citigroup boosted their price target on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Bank Of America (Bofa) raised their price objective on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, Barclays downgraded Lennar from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $210.00 to $181.00 in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $182.88.

Lennar Price Performance

Shares of NYSE:LEN opened at $151.52 on Monday. The firm’s 50 day moving average price is $171.26 and its 200-day moving average price is $169.97. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $41.10 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. Lennar has a twelve month low of $140.65 and a twelve month high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.91 earnings per share.

Hedge Funds Weigh In On Lennar

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oakworth Capital Inc. bought a new position in shares of Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC lifted its stake in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Lennar in the 3rd quarter worth approximately $30,000. Asset Dedication LLC increased its position in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Finally, DT Investment Partners LLC raised its holdings in Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after buying an additional 157 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the sale, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.36% of the stock is owned by company insiders.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. Lennar’s payout ratio is 13.25%.

About Lennar

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 Texas, 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.