Lennar (NYSE:LEN) Issues Q3 2026 Earnings Guidance

Posted by George Bondi on Jun 12th, 2026

Lennar (NYSE:LEN – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.200-1.400 for the period, compared to the consensus earnings per share estimate of 1.710. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms recently issued reports on LEN. UBS Group reduced their price target on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Barclays reduced their price target 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. Evercore reduced their price target on shares of Lennar from $89.00 to $82.00 and set an “underperform” rating on the stock in a research report on Monday, April 13th. Truist Financial reduced their price target on shares of Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $97.27.

Read Our Latest Research Report on LEN

Lennar Stock Down 5.2%

Shares of NYSE:LEN traded down $4.92 during midday trading on Friday, reaching $90.03. The company had a trading volume of 6,256,635 shares, compared to its average volume of 2,973,150. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. Lennar has a one year low of $81.18 and a one year high of $144.24. The stock’s fifty day moving average price is $89.28 and its 200-day moving average price is $103.46. The stock has a market capitalization of $22.24 billion, a P/E ratio of 12.94, a PEG ratio of 1.99 and a beta of 1.39.

Lennar (NYSE:LEN – Get Free Report) last released its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.24 by $0.07. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $8.08 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Equities research analysts expect that Lennar will post 5.87 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lennar’s dividend payout ratio is presently 28.74%.

Lennar News Summary

Here are the key news stories impacting Lennar this week:

Positive Sentiment: Lennar beat adjusted EPS expectations, posting $1.31 per share versus estimates around $1.24, which suggests the company is still managing profitability better than feared. Lennar Reports Second Quarter 2026 Results
Positive Sentiment: Management highlighted strong liquidity and shareholder returns, including $1.8 billion in cash, no outstanding revolver borrowings, and $447 million in share repurchases, which can help support investor confidence. Lennar Reports Second Quarter 2026 Results
Neutral Sentiment: Some analysts said Lennar’s lower incentives and more constructive consumer commentary were encouraging, but they still kept a cautious stance on the stock. Lennar Posts Q2 Miss; Lower Incentives, Consumer Commentary Appear Positive Says Analyst
Neutral Sentiment: One brokerage lowered its price target ahead of the report, reflecting ongoing concern that homebuilder margins may remain under pressure. BofA Securities Adjusts Lennar Price Target
Negative Sentiment: Revenue came in below expectations at about $7.94 billion versus roughly $8.08 billion expected, reinforcing worries that demand is still soft. Lennar Reports Second Quarter 2026 Results
Negative Sentiment: Lennar also cut its full-year 2026 delivery outlook to around 82,000–83,000 homes, pointing to stubborn housing headwinds, higher mortgage rates, and affordability pressure. Lennar Cuts Full-Year Target, Citing ‘Stubborn’ Housing-Market Headwinds
Negative Sentiment: Home-sale gross margin slipped to 15.6% and new orders fell year over year, which suggests pricing and incentive pressure are still hurting profitability. Lennar Reports Second Quarter 2026 Results

Hedge Funds Weigh In On Lennar

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after acquiring an additional 377 shares during the period. Equitable Holdings Inc. bought a new stake in shares of Lennar in the third quarter valued at approximately $264,000. von Borstel & Associates Inc. bought a new stake in shares of Lennar in the third quarter valued at approximately $207,000. Zions Bancorporation National Association UT boosted its position in shares of Lennar by 27.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,431 shares of the construction company’s stock valued at $147,000 after acquiring an additional 304 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Lennar by 7.1% in the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock valued at $141,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

About Lennar

(Get Free Report)

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.