LEN
Lennar Corporation
September 22, 2026 · intraday
- Rarity
- 1.53
- Peak move
- +6.62%
- Float cap
- $16.5B
Lennar Corporation is one of the largest homebuilders in the United States, building and selling single-family attached and detached homes to first-time, move-up, active adult and luxury buyers across 20-plus states. It also originates residential and commercial mortgage loans, provides title insurance and closing services, and develops and manages multifamily rental properties.
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What we found
11 events · 1 from SEC or newswire · 0 timed with the move- Key event
insider_saleBerkshire Hathaway, a 10% owner, disclosed buying 2,743,529 Lennar shares on Sept 17, 2026 (2,668,508 Class A and 75,021 Class B) at prices from $74.80 to $79.41, for a total of $212,395,151, lifting its stake to just over 10%.
analyst_ratingCitigroup lowered its Lennar price target to $85.00 from $88.00 while keeping a Neutral rating after the fiscal Q3 miss and light Q4 outlook.
- Key event
peer_disclosurePulteGroup fell more than 15% premarket after the 30-year mortgage rate rose above 7%, with Wells Fargo, Truist and Seaport Research cutting its price target or rating between Sept 10 and 16.
analyst_ratingKeefe Bruyette & Woods cut its Lennar price target to $75 from $85 while maintaining an Underperform rating.
- Key event
analyst_ratingRaymond James reiterated its Underperform rating on Lennar after reviewing Q3 2026 results and updated guidance, trimming EPS estimates and citing mortgage rates above 7%.
macro_dataThe average 30-year fixed mortgage rate moved back above 7% and the 10-year Treasury neared 5% in the week of Sept 21, 2026.
guidance_changeLennar cut its full-year 2026 delivery forecast to 80,000-81,000 homes from 82,000-83,000 and guided Q4 to 22,000-23,000 deliveries, gross margin of 15.5%-16% and EPS of $1.30-$1.65.
macro_dataThe Federal Reserve raised its benchmark interest rate to a target range of 3.75%-4%, and the 30-year fixed mortgage rate rose to approximately 7%.
analyst_ratingRoyal Bank of Canada lowered its Lennar price target to $69.00 from $85.00 while keeping an Underperform rating.
commodity_eventOil supply remained disrupted by the conflict in Iran, a driver of US inflation that Lennar's CEO said is pushing up interest rates and the cost of living for homebuyers.
earnings_releaseLennar reported fiscal Q3 2026 revenue of $8.05 billion missing the $8.32 billion consensus, GAAP EPS of $1.19 ($1.23 adjusted) versus $1.29 expected, net earnings of $284 million, deliveries of 20,840 homes and new orders of 20,879.