Lennar (NYSE:LEN) Given New $70.00 Price Target at Seaport Research Partners

Posted by George Bondi on Sep 24th, 2026

Lennar (NYSE:LEN – Get Free Report) had its target price cut by Seaport Research Partners from $74.00 to $70.00 in a note issued to investors on Monday. The firm currently has a “sell” rating on the construction company’s stock. Seaport Research Partners’ target price would suggest a potential downside of 14.19% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Citizens Jmp restated a “hold” rating on shares of Lennar in a research report on Thursday, September 17th. Royal Bank Of Canada cut their target price on Lennar from $85.00 to $69.00 and set an “underperform” rating for the company in a research note on Friday, September 18th. Argus set a $108.00 price target on Lennar in a research note on Thursday, July 9th. Wells Fargo & Company dropped their price objective on Lennar from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. Finally, BTIG Research reissued a “sell” rating and issued a $63.00 target price on shares of Lennar in a report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and nine have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $81.00.

View Our Latest Stock Report on LEN

Lennar Stock Performance

NYSE:LEN opened at $81.58 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 3.14 and a beta of 1.39. The firm’s fifty day moving average price is $83.96 and its 200 day moving average price is $87.76. Lennar has a 1-year low of $75.70 and a 1-year high of $133.76.

Lennar (NYSE:LEN – Get Free Report) last released its earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.06). The firm had revenue of $8.05 billion during the quarter, compared to analyst estimates of $8.32 billion. Lennar had a return on equity of 6.15% and a net margin of 4.09%.The firm’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. On average, sell-side analysts expect that Lennar will post 4.85 EPS for the current year.

Insider Transactions at Lennar

In other news, major shareholder Berkshire Hathaway Inc acquired 1,381,397 shares of Lennar stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average cost of $76.48 per share, with a total value of $105,649,242.56. Following the completion of the acquisition, the insider owned 23,075,025 shares in the company, valued at $1,764,777,912. This trade represents a 6.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 2,743,529 shares of company stock worth $212,403,202 over the last ninety days. Insiders own 10.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Lennar by 19.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,546,970 shares of the construction company’s stock worth $221,176,000 after buying an additional 419,745 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in Lennar by 90.9% in the 4th 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 acquiring an additional 934,856 shares during the last quarter. Swiss National Bank increased its holdings in Lennar by 4.8% during the 1st quarter. Swiss National Bank now owns 601,468 shares of the construction company’s stock valued at $52,231,000 after acquiring an additional 27,500 shares in the last quarter. River Road Asset Management LLC raised its position in Lennar by 10.3% during the fourth quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company’s stock worth $47,462,000 after acquiring an additional 43,186 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of Lennar by 4.7% in the fourth quarter. National Pension Service now owns 445,407 shares of the construction company’s stock valued at $45,788,000 after purchasing an additional 19,878 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

More Lennar News

Here are the key news stories impacting Lennar this week:

Positive Sentiment: Berkshire Hathaway’s sizable investment supports sentiment. Berkshire purchased more than 2.7 million Lennar shares across several transactions and now owns approximately 10% of the homebuilder. The endorsement from Warren Buffett’s conglomerate is the primary catalyst behind recent strength in LEN shares. Berkshire builds almost a 10% stake in Lennar
Positive Sentiment: Lennar declared a quarterly dividend of $0.50 per share. The dividend is payable October 22 to shareholders of record on October 7, representing $2.00 in annualized payments and an indicated yield of about 2.5%. Lennar Corporation Declares Quarterly Dividends
Positive Sentiment: New housing projects indicate continued growth investment. Lennar is advancing developments in Sacramento’s South Natomas area and planning 95 townhomes in the next Pebble Creek phase, supporting its future community pipeline. Lennar pays $8 million for land in South Natomas
Neutral Sentiment: Potentially easier Federal Reserve policy could help housing. Falling oil prices and easing inflation may create room for future rate cuts, which could improve mortgage affordability and support home demand, although this remains dependent on actual policy moves and borrowing costs.
Negative Sentiment: Analysts remain cautious. Keefe, Bruyette & Woods cut its price target from $85 to $75 and assigned an “underperform” rating, implying downside from the stock’s recent trading level. Citigroup also lowered its target to $85. Keefe, Bruyette & Woods Issues Pessimistic Forecast
Negative Sentiment: Recent operating results remain weak. Lennar’s latest quarter missed consensus estimates on both earnings and revenue, with EPS falling to $1.23 from $2.29 a year earlier and revenue declining 8.7%. Housing-market strain continues to weigh on near-term fundamentals.

Lennar Company Profile

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Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.