Lennar Corporation experienced a challenging third quarter, reporting $8.05 billion in revenue and a 48% year-over-year decline in adjusted EPS to $1.23. New home orders fell 9%, prompting management to lower full-year home delivery guidance. Despite these setbacks and a drop in gross margin to 15.8%, Lennar is actively buying back shares and shifting to an asset-light business model to sustain volume. The stock trades at 0.85 times book value, below historical averages, and is rated a 'Buy' with a target price of $94, reflecting confidence in its long-term value despite near-term housing market difficulties.
Lennar Corporation shares are trading at USD 81.35 on Pluang as of Sep 22, 2026 21:51 WIB, showing a 4.19% increase in the last day. The stock's market capitalization stands at $18.77 billion, with a dividend yield of 2.56%. Investor interest remains strong with 100% buy orders on the platform, reflecting confidence despite recent earnings challenges.
