Barclays lowered its price target for Lennar Corporation to $70 from a higher level, citing a 52% drop in Q3 net earnings to $284 million and an 8.6% revenue decline to $8.05 billion. The homebuilder faces headwinds from rising mortgage rates and weaker consumer confidence, leading to a 9% drop in new home orders and a reduced full-year delivery forecast of 80,000-81,000 homes. Lennar is responding with price incentives and expects lower profitability, reflecting ongoing market pressures.
As of Sep 18, 2026 20:43 WIB, Lennar Corporation (LEN) is trading at USD 77.34 on Pluang, down 2.96% for the day with a market cap of $19.16 billion. Despite the recent price target cut by Barclays, Pluang investors show strong buying interest with 88% of order activity on the buy side. The stock also offers a dividend yield of 2.51%, highlighting its appeal amid current market challenges.
Lennar Corporation reported disappointing Q3 earnings with revenue dropping to $8 billion and gross margin at 15.8%, pressured by high mortgage rates and weak market sentiment. Despite Berkshire Hathaway increasing its stake, Lennar's shares hit 52-w...
Lennar Corporation is set to report its Q3 earnings on September 16, 2026, with analysts expecting a decline in both earnings per share and revenue compared to last year. The forecasted EPS is $1.29 on revenue of about $8.32 billion, down from $2.00 ...
