Lennar Corporation Class A (LEN)

Lennar Corp.'s stock has declined over the past six months, with a 5.38% decrease in the last 30 days and a 29.41% decrease over the past 12 months as of October 17, 2025. The share price on October 20, 2025, was $125.85, a 30.33% decline from $180.63 on October 21, 2024. Recent events include Q3 fiscal 2025 results missing estimates, lowered Q4 and full-year delivery expectations due to soft market conditions, and a decrease in gross margin to 17.5%. Despite weaker demand, sales outpaced deliveries in Q3. Lennar unveiled a new community in San Marcos, TX, declared a quarterly dividend of $0.50 per share, and analyst ratings have varied. Anticipated Federal Reserve rate cuts are expected to stimulate demand.

Demand for Lennar's products is cyclical and sensitive to economic factors like economic growth, interest rates, housing demand, and government infrastructure spending. Lower mortgage rates generally stimulate housing demand, while the company's Q3 fiscal 2025 performance was negatively impacted by softness in the housing market and affordability challenges. Lennar's decision to lower delivery guidance for Q4 and full-year 2025 due to soft market conditions underscores this seasonality and market sensitivity.

Lennar Corporation operates as a homebuilder in the United States, primarily under the Lennar brand, with business segments including Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The company constructs and sells single-family homes, develops residential land, and manages multifamily rental properties, while also diversifying income through mortgage financing and title insurance, employing an "Everything's Included" approach for new homes.

Lennar builds new homes across 30 states in the United States, including Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin.

Lennar's brand reputation is supported by its presence in the homebuilding industry, focus on quality construction, and customer satisfaction. Customer testimonials highlight positive experiences, praising quality craftsmanship and an easy home buying process. No specific negative events significantly impacting Lennar's brand reputation in the past year were found.

Lennar Corporation's stock ownership includes institutional investors holding a significant portion (51.76% or 87.09%, with another source indicating approximately 25.87%), with major holders like Vanguard Group Inc. and BlackRock, Inc. Insider ownership is approximately 11.23% (or 0.84% according to another source), while public companies and individual investors own about 37.01% (or 25.89%).