Inside the research
Lennar Corporation
LEN Research profile · latest available data
Price overview
$82.15
▲ +0.68 (+0.8%)
| 52w hi | $131.06 |
|---|---|
| 52w lo | $76.43 |
| Vol | 3.89M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.29
| Short | -0.50 |
|---|---|
| Medium | +0.50 |
| Long | +1.45 |
computed 2026-09-27
Key fundamentals
Lennar Corporation
Consumer Cyclical · Residential Construction
| Market cap | $19.79B |
|---|---|
| Enterprise value | $24.54B |
| Trailing P/E | 15.56x |
| Forward P/E | 15.59x |
| EV / EBITDA | 12.28x |
| P / S (ttm) | 0.62x |
| Profit margin | 4.1% |
| Return on equity | 6.0% |
| Revenue growth | -8.7% |
| Earnings growth | -48.0% |
| Debt / equity | 27.74 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.02 | |
| Sector | -0.03 | |
| Technical | -0.47 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originating and selling securitization commercial mortgage loans. In addition, the company is involved in fund investment activities. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.
Risk Metrics
| Beta vs SPX | 0.74 |
|---|---|
| Corr SPX | 0.33 |
| Annual vol | 36.0% |
| Annual ret | -31.7% |
| Sharpe | -0.88 |
| Max DD | -58.2% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $91.50 |
|---|---|
| High / Low | $124.00 / $74.00 |
| Median | $89.00 |
| Analysts | 14 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 1 | |
| Hold | 9 | |
| Sell | 3 | |
| Strong Sell | 5 |
Recent rating actions
| 2026-04-13 | Evercore ISI Group | → Underperform |
| 2026-04-08 | Wells Fargo | → Equal-Weight |
| 2026-04-08 | Barclays | → Underweight |
| 2026-04-07 | Seaport Global | → Sell |
| 2026-04-01 | Keefe, Bruyette & Woods | → Market Perform |
| 2026-03-31 | Truist Securities | → Hold |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-06-12 | Reg FD Disclosure, Exhibits | read |
| 2026-06-11 | Earnings Release, Exhibits | read |
| 2026-06-08 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-04-13 | Shareholder Vote, Exhibits | read |
| 2026-03-12 | Earnings Release, Exhibits | read |
| 2025-12-16 | Earnings Release, Exhibits | read |
| 2025-11-14 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-09-19 | Earnings Release, Exhibits | read |
| 2025-08-04 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-06-17 | Earnings Release, Exhibits | read |
| 2025-05-19 | Material Agreement, Material Obligation… | read |
| 2025-04-11 | Shareholder Vote, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 10 |
| Top-5 share | 96.9% |
| HHI | 5,981 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $138.10M | 1.53M |
| Berkshire Hathaway | $26.45M | 298.12K |
| Millennium Management | $4.82M | 54.38K |
| Citadel Advisors | $3.61M | 40.67K |
| AQR Capital Management | $3.53M | 39.76K |
| State Street Corp | $3.02M | 34.00K |
| Bridgewater Associates | $1.38M | 15.24K |
| Capital Research / Capital World | $870.96K | 9.82K |
| Renaissance Technologies | $288.49K | 3.25K |
| T. Rowe Price Group | $28.79K | 318.18K |
As of 2026-06-30
Dividends
| Yield (TTM) | 1.83% |
|---|---|
| $ / share (TTM) | $1.50 |
| 5y CAGR | +27.0% |
Annual dividend per share
| 2021 | $0.97 |
|---|---|
| 2022 | $1.45 |
| 2023 | $1.45 |
| 2024 | $1.94 |
| 2025 | $2.00 |
| 2026 | $1.00 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $34.23B | +18.7% | |
| Gross profit | $1.09B | +19.6% | |
| Operating income | $2.46B | +27.6% | |
| Net income | $3.93B | +33.5% | |
| Cash from ops | $2.40B | +8.1% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $82.00 | $82.27 | $80.37 | $82.15 | 3.89M |
| Sep 24 | $81.19 | $81.98 | $80.12 | $81.47 | 4.78M |
| Sep 23 | $82.00 | $83.19 | $81.31 | $81.52 | 5.86M |
| Sep 22 | $81.00 | $83.37 | $80.18 | $83.06 | 6.47M |
| Sep 21 | $76.98 | $78.38 | $76.50 | $78.08 | 4.95M |
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