LEN
Lennar Corporation
October 5, 2026 · market open
- Rarity
- 1.94
- Peak move
- −7.58%
- Float cap
- $16.9B
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.
Where do you see this going?
no votes yetVoting closed at 4:00 PM ET.
What we found
8 events · 0 from SEC or newswire · 0 timed with the movepeer_disclosureKB Home reported third-quarter revenue of $1.297 billion and earnings of $1.05 per share, with Executive Chairman Jeffrey Mezger saying conditions had weakened since June, and cut construction time to 99 days.
analyst_ratingMorgan Stanley initiated coverage of Lennar with an Underweight rating and a $65 price target, citing incentive and lot-cost headwinds, first-time homebuyer pressure and the land-light transition; it also started NVR and KB Home at Underweight and Toll Brothers at Overweight with a $159 target.
dividend_changeLennar affirmed its quarterly cash dividend of $0.50 per share on both Class A and Class B stock, with an ex-dividend date of Oct 7, 2026 and payment on Oct 22, 2026.
analyst_ratingA FactSet survey of 12 analysts lowered the median price target on Lennar Class B shares to $72.50 from $75.00, with 3 of 22 analysts bullish, 9 neutral and 10 bearish.
demand_signalThe Mortgage Bankers Association reported home-purchase mortgage applications fell 4.3% to their lowest since April 2025, with refinancing activity also dropping, as the 30-year mortgage rate reached 7.28%.
institutional_flowBerkshire Hathaway bought about $53.6-53.9 million of Lennar Class A shares plus $329,000 of Class B shares on Sept 28-30, lifting its stake to 26.6 million shares, or 11.2%, worth about $2.1 billion.
short_reportHunterbrook published a report saying Millrose Properties, the land bank Lennar spun off in 2025, bought more than 700 Lennar homes across at least 51 counties in 15 states in roughly one month for an estimated $200 million, and disclosed it is short Lennar and Millrose.
macro_dataFreddie Mac reported the 30-year fixed mortgage rate rose to 7.28% for the week ending Oct 1, up from 7.03% a week earlier and 6.34% a year ago, the highest since November 2023 and a sixth straight weekly increase.