Lennar Surges 2.98% on $410M Volume Amid Mixed Earnings and Analyst Outlooks

Lennar (LEN) rose 2.98% on Sept. 4, trading at $137.50 with a $0.41 billion volume. The stock closed near its 52-week high amid mixed institutional activity and revised analyst forecasts.

The company reported Q2 earnings of $1.90 per share, missing the $1.94 consensus estimate, while revenue fell 4.4% year-over-year to $8.38 billion. Institutional investors saw divergent moves: Flputnam Investment Management cut its stake by 28.5%, whereas The Manufacturers Life Insurance Company and Eminence Capital LP increased holdings by 45.4% and 43.4%, respectively.

Analyst ratings shifted notably. Wells Fargo raised its price target to $135 (2.6% upside), while Barclays cut its target to $95. Zelman & Associates downgraded from "strong-buy" to "hold," and Wedbush maintained a "neutral" stance with a $130 target. The average analyst rating remains "Hold," with a median target of $128.85.

Lennar’s 2.98% dividend yield, with a $0.50 quarterly payout, reflects a 16.54% payout ratio. The firm’s debt-to-equity ratio of 0.12 and ROE of 12.73% highlight its financial stability amid sector headwinds.

Backtest data shows the stock’s 52-week range of $98.42–$193.80, with a 50-day SMA at $119.34 and 200-day SMA at $114.52. Institutional ownership remains at 81.1%, with Viking Global Investors and Brave Warrior Advisors boosting stakes in Q2.