Lennar Corporation Class A (LEN)

Lennar Corp.'s stock price has experienced a decline over the past year. In Q3 2025, Lennar reported net earnings per diluted share of $2.29, exceeding analyst estimates, but revenue of $8.81 billion missed Wall Street expectations. Q2 2025 net earnings fell to $477 million, primarily due to a drop in the average sales price of homes delivered. In Q4 2024, Lennar's earnings trailed Wall Street expectations, and its Q1 2025 guidance also missed the mark. On September 26, 2025, Lennar Corporation declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock.

The demand for Lennar's products and services exhibits seasonality and is influenced by economic cycles. Builders often engage in strategies to liquidate inventory towards the end of quarters, particularly the fourth quarter, by offering incentives to prop up sales and meet shareholder expectations. The housing market has experienced a slowdown due to high mortgage rates and rising home prices, impacting demand. Despite these challenges, there have been signs of renewed market interest when mortgage rates trend lower.

Lennar Corporation, operating in the Capital Goods sector within the Construction Services industry, is a prominent American home construction company and one of the largest homebuilders in the United States. Its core business is homebuilding, which involves the construction and sale of various types of homes. Lennar caters to a diverse range of buyers with its "Everything's Included®" program and develops multigenerational homes. Beyond homebuilding, Lennar's operations include land acquisition, development, and sale of residential land. Through its Financial Services segment, Lennar provides mortgage loan origination, title insurance, and closing services. The company is also involved in multifamily development through Lennar Multifamily Communities (LMC) and invests in property technology through Lennar Ventures (LenX).

Lennar's homebuilding operations span numerous states across the United States, including Florida, North Carolina, New Jersey, Georgia, Maryland, South Carolina, Arizona, Colorado, California, Nevada, Utah, Virginia, Texas, Pennsylvania, Illinois, Minnesota, Oregon, Tennessee, Idaho, and Washington. Recent expansions have also extended its presence into markets in Arkansas, Oklahoma, Alabama, Kansas, and Missouri through acquisitions. As of 2023, Lennar operates in 26 states and 75 markets nationwide.

Lennar Corp. has established itself as a prominent name in the homebuilding industry, with its brand synonymous with quality and reliability. The company's long history and its position as a leading homebuilder contribute to its strong brand recognition and market presence. Unfavorable media or investor reports could potentially affect its stock price and business performance. The broader housing market has faced challenges such as high interest rates and affordability concerns, which have led Lennar to increase sales incentives and adjust pricing to maintain sales pace.

Lennar Corporation's stock ownership is a mix of institutional, insider, and retail investors. Approximately 85.28% of the company's stock is owned by institutional investors, 11.04% by insiders, and 3.68% by public companies and individual investors. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and State Street Corp. Key individual owners, who are also insiders, include Stuart A. Miller and Mp Alpha Holdings LLLP.