LEN

Lennar's stock experienced a 36.36% decline over the past six months and 33.74% over the last 12 months, reaching a 52-week low of $73.75 on October 6, 2026. This was driven by disappointing fiscal Q3 2026 results, which missed analyst expectations for EPS and revenue, and an 8.7% year-over-year revenue decrease. The company also reduced its full-year 2026 delivery guidance, faced margin compression (15.8% from 17.5%) due to lower revenue per square foot and higher land costs, and increased sales incentives (12%). Elevated mortgage rates, affordability challenges, and scrutiny over its ties to Millrose Properties, including investor-law firm investigations and analyst downgrades, further pressured the stock. However, Berkshire Hathaway Inc. increased its holdings by over 2.4 million shares in early October 2026, investing approximately $193 million, providing some positive sentiment.