Lennar (NYSE:LEN) 주식

LENNAR CORP-A

Lennar

Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, active adult, and luxury homebuyers mainly under the Lennar brand name. Lennar's financial services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for-rent construction and has invested in numerous housing-related technology startups.

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News

Markets

AMZN

CVNA

MSFT

TSLA

벤징가는 지난주 많은 투자자들이 선호하는 주식의 전망을 살펴봤다 — 여기 우리의 주요 스토리 몇 가지를 소개한다. 미국 주식 시장은 무역 긴장과 인플레이션 우려가 고조되면서 지난주 하락했다. S&amp;P 500 지수는 2% 하락했고, 다우존스 산업평균지수는 1.7% 떨어졌으며, 나스닥 종합지수는 2.7% 감소해 최근 몇 년 중 가장 나쁜 주 중 하나로 기록되었다.

벤징가 불스 앤 베어스: 쉐브론, 마이크로소프트, 나이키 그리고 관세로 인해 자동차 산업이 휘청

Lennar Corporation (LEN)

Technicals

Trading Ideas

Real Estate

주택 건설사인 레나 코퍼레이션(NYSE:LEN)의 주가가 화요일 소폭 상승했다. 새로운 랠리가 시작될 조짐이 보인다. 이것이 우리 기술 분석 팀이 이 주식을 오늘의 주식으로 선정한 이유이다.

오늘의 주식: 주택 건설업체 레나의 주식은 과매도 상태, 주요 지지선에서 반등할까?

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Earnings

Pre-Market Outlook

목요일(19일) 아침 미국 주식 선물이 상승하는 가운데 오늘 투자자들의 주목을 받을 만한 주식은 다음과 같다. 액센추어, 마이크론, 나이키, 레나 및 페덱스

목요일 주목해야 할 주식: 액센추어, 마이크론, 나이키, 레나 및 페덱스

Lennar Corp

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Shares of homebuilder stocks are trading higher amid a drop in Treasury yields.

TMHC

Shares of homebuilders and housing-linked stocks are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Citizens Capital Markets analyst Aaron Hecht maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Market Outperform and lowers the price target from $170 to $150.

Price Target

Analyst Ratings

Citizens Capital Markets Maintains Market Outperform on Lennar, Lowers Price Target to $150

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
U.S. stock markets declined this week amid escalating trade tensions and inflation concerns. The S&amp;P 500 fell 2%, the Dow Jones Industrial Average dropped 1.7%, and the Nasdaq Composite decreased by 2.7%, marking one of the worst weeks in recent years.
President Donald Trump's announcement of a 25% tariff on imported automobiles and parts contributed to market volatility. Automotive stocks were notably impacted; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) tumbled over 7%, and Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) slid 3.9%. Conversely, electric vehicle manufacturers like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) edged up 0.4%, as their U.S.-based production is less affected by the tariffs.
Beyond the auto sector, economic indicators added to investor unease. The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index, rose 0.4% in February, bringing the annual rate to 2.8%, above the Fed's 2% target. Additionally, consumer spending data fell short of expectations, exacerbating fears of economic slowdown amid President Trump's tariff policies.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44512999/chevron-hits-52-week-high-warren-buffetts-5th-largest-holding-is-on-fire-but-should-you-buy">"Chevron Hits 52-Week High: Warren Buffett's 5th Largest Holding Is On Fire — But Should You Buy?"</a>, by Surbhi Jain, reports that Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) hit a 52-week high as rising oil prices and Warren Buffett's ongoing support strengthened investor confidence.
<a href="https://www.benzinga.com/media/25/03/44515782/microsoft-halts-expansion-plans-yet-analysts-still-rank-it-among-top-investment-picks">"Microsoft Halts Expansion Plans, Yet Analysts Still Rank It Among Top Investment Picks"</a>, by Anusuya Lahiri, explains why analysts remain bullish on Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) despite the tech giant pausing major data center expansions amid concerns of AI overcapacity.
<a href="https://www.benzinga.com/analyst-ratings/upgrades/25/03/44477982/carvana-analyst-says-its-time-to-buy-the-potential-amazon-of-auto-retail">"Carvana Analyst Says It's Time To Buy The Potential ‘Amazon Of Auto Retail'"</a>, by Adam Eckert, reports that Morgan Stanley analyst Adam Jonas upgraded Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) from Equal-Weight to Overweight, raising the price target from $260 to $280, citing the company's potential to dominate auto retail akin to Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/earnings/25/03/44504468/concentrix-shares-pop-on-strong-q1-results-raised-revenue-guidance">Concentrix Shares Pop On Strong Q1 Results, Raised Revenue Guidance</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44517249/stock-of-the-day-will-the-move-higher-in-sysco-continue">Stock Of The Day – Will The Move Higher In Sysco Continue?</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44460563/tesla-jumps-10-on-china-fsd-optimism-tariff-easing-hopes">Tesla Jumps 10% On China FSD Optimism, Tariff Easing Hopes</a>

The Bears
<a href="https://www.benzinga.com/general/biotech/25/03/44500068/novo-nordisk-stock-sinks-to-52-week-lows-weight-loss-boom-losing-steam">"Novo Nordisk Stock Sinks To 52-Week Lows: Weight Loss Boom Losing Steam?"</a>, by Surbhi Jain, reports that Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) shares have plunged 44% year-over-year, hitting a 52-week low amid investor concerns over competition from Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and the company's recent $2 billion acquisition of rights to a Chinese obesity drug.
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44513787/nike-stock-hits-52-week-lows-is-the-sneaker-king-losing-its-step">"Nike Stock Hits 52-Week Lows: Is The Sneaker King Losing Its Step?"</a>, by Surbhi Jain, shows Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) tumbling to a 52-week low as slowing sales in China and rising competition challenge the global sneaker giant's dominance.
<a href="https://www.benzinga.com/25/03/44475805/homebuilders-kb-home-lennar-cut-prices-as-homebuyer-demand-has-slowed-materially">"Homebuilders KB Home, Lennar Cut Prices As Homebuyer Demand Has Slowed Materially"</a>, by Erica Kollmann, reports that KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) and Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) are reducing home prices and offering incentives as elevated mortgage rates have significantly dampened buyer demand.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/25/03/44517020/ev-maker-mullen-automotive-to-further-cut-costs-and-slash-workforce">EV Maker Mullen Automotive To Further Cut Costs And Slash Workforce: Details</a>
<a href="https://www.benzinga.com/25/03/44465410/snow-white-disappoints-at-box-office-will-remake-hurt-disneys-marvel-magic-in-2025">‘Snow White' Disappoints At Box Office: Will Remake Hurt Disney's Marvel Magic In 2025?</a>
<a href="https://www.benzinga.com/news/offerings/25/03/44511664/why-is-teslas-chinese-rival-nio-stock-diving-today">Why Is Tesla's Chinese Rival NIO Stock Diving Today? (UPDATED)</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

Benzinga Bulls And Bears: Chevron, Microsoft, Nike — And Tariffs Have Automotive Sector Reeling

Goldman Sachs analyst Susan Maklari maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Neutral and lowers the price target from $141 to $120.

Goldman Sachs Maintains Neutral on Lennar, Lowers Price Target to $120

Homebuilders are sounding the alarm on the state of American consumers, as sales depend on increased incentives and <a href="https://www.benzinga.com/news/earnings/25/03/44465789/kb-home-q1-earnings-revenue-miss-eps-miss-demand-more-muted-than-expected-buyers-responding-favorably-to-value-pivot-and-more">lower home prices</a>. 
What To Know: Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) each reported disappointing first-quarter financial results in the past week. Both companies pointed to slowing "actionable demand" from homebuyers on earnings calls with analysts. 
Lennar Co-CEO Stuart A. Miller listed several factors contributing to the decrease in homebuyers' demand, including limited funds for down payments, high levels of personal debt, and hard-to-achieve income qualifications for mortgages. 
Read Next: <a href="https://www.benzinga.com/politics/25/03/44436692/fannie-mae-freddie-mac-in-upheaval-as-trump-administration-considers-privatizing-mortgage-giants">Fannie Mae, Freddie Mac In Upheaval As Trump Administration Considers Privatizing Mortgage Giants</a>&nbsp;
"A somewhat confused consumer and wavering consumer confidence have challenged the consumer&#8217;s desire and ability to transact. While there continues to be considerable traffic and customers looking for homes, the urgency to actually transact remains tepid," Miller said on the earnings call.&nbsp;
Miller also raised concerns about new immigration policies and tariffs that could affect the housing industry.&nbsp;
"The housing market has softened as affordability and consumer confidence have limited actionable demand. Incentives have been increasing, and net housing prices seem to be moderating," Miller said, adding that at least housing will not be contributing to current inflationary pressures.&nbsp;
Executives at KB Home gave similar comments on Monday's earnings call after the company lowered its revenue guidance for fiscal 2025 due to softer demand at the start of the spring selling season.
"Consumers are working through affordability concerns and uncertainties related to macroeconomic and geopolitical issues, which are causing them to move slowly in their homebuying decisions," said Jeffrey Mezger, CEO of KB Home.
The company lowered its base prices to align with market conditions and stimulate demand, he explained.
"In mid-February, we took steps to reposition our communities to offer the most compelling value, and buyers responded favorably to these adjustments," Mezger added.
Robert McGibney, COO, added that about half of their communities saw price reductions ranging from $5,000 to $30,000, averaging around $15,000 to $16,000. McGibney noted that Florida was the softest state in terms of sales demand and required more significant pricing adjustments, while less adjustments were needed in the West and Southwest regions.&nbsp;
KBH, LEN Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, both KB Home and Lennar shares are down approximately 30% over the past six months as high home prices and interest rates continue to negatively affect the homebuilders.&nbsp;
Read More:&nbsp;
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Image: Shutterstock

Management

Movers

Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has 'Slowed Materially'

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Market Perform and lowers the price target from $141 to $128.

Keefe, Bruyette & Woods Maintains Market Perform on Lennar, Lowers Price Target to $128

UBS analyst John Lovallo maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Buy and lowers the price target from $183 to $164.

UBS Maintains Buy on Lennar, Lowers Price Target to $164

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird analyst Timothy Wojs downgraded the rating for The AZEK Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) from Outperform to Neutral and lowered the price target from $58 to $53. AZEK shares closed at $41.39 on Friday. <a href="https://www.benzinga.com/quote/AZEK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Phillip Jungwirth downgraded Civitas Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) from Outperform to Market Perform and lowered the price target from $50 to $42. Civitas Resources shares closed at $34.79 on Friday. <a href="https://www.benzinga.com/quote/CIVI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst Stephen Kim downgraded the rating for Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Outperform to In-Line and lowered the price target from $159 to $131. Lennar shares closed at $115.22 on Friday. <a href="https://www.benzinga.com/quote/LEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Ronald Epstein downgraded Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) from Buy to Neutral and cut the price target from&nbsp;$685&nbsp;to&nbsp;$485. Lockheed Martin shares closed at $439.70 on Friday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Colin Isaac downgraded Ecolab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) from Buy to Neutral and announced&nbsp;a $270&nbsp;price target. Ecolab shares closed at $251.00 on Thursday. &nbsp;<a href="https://www.benzinga.com/quote/ECL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying LEN stock? Here&#8217;s what analysts think: 
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</ul>
Photo: Shutterstock

Downgrades

AZEK

CIVI

COHR

This Lennar Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

RBC Capital analyst Mike Dahl maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Sector Perform and lowers the price target from $125 to $122.

RBC Capital Maintains Sector Perform on Lennar, Lowers Price Target to $122

Barclays analyst Matthew Bouley maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Equal-Weight and lowers the price target from $121 to $110.

Barclays Maintains Equal-Weight on Lennar, Lowers Price Target to $110

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Chardan Capital slashed Century Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPSC#NASDAQ">IPSC</a>) price target from $11 to $7. Chardan Capital analyst Geulah Livshits maintained a Buy rating. Century Therapeutics shares closed at $0.5550 on Friday. <a href="https://www.benzinga.com/quote/IPSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut the price target for Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) from $296 to $269. Piper Sandler analyst Peter Keith maintained an Overweight rating. Lowe&#8217;s shares closed at $227.07 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/LOW/analyst-ratings">view this stock</a>.</li>
<li>JP Morgan boosted Alnylam Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) price target from $280 to $328. JP Morgan analyst Jessica Fye upgraded the stock from Neutral to Overweight. Alnylam Pharmaceuticals shares closed at $283.34 on Friday. <a href="https://www.benzinga.com/quote/ALNY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $300 to $275. Jefferies analyst Stephanie Moore upgraded the stock from Hold to Buy. FedEx shares closed at $230.33 on Friday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barrington Research lowered the price target for Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) from $70 to $54. Barrington Research analyst Vincent Colicchio maintained an Outperform rating. Concentrix shares closed at $44.93 on Friday. <a href="https://www.benzinga.com/quote/CNXC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group cut RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $500 to $420. Telsey Advisory Group analyst Cristina Fernandez maintained an Outperform rating. RH shares settled at $242.18 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group cut Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) price target from $159 to $131. Evercore ISI Group analyst Stephen Kim downgraded the stock from Outperform to In-Line. Lennar shares closed at $115.22 on Friday. <a href="https://www.benzinga.com/quote/LEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) price target from $39 to $40. Guggenheim analyst Michael Morris upgraded the stock from Neutral to Buy. Pinterest shares closed at $32.42 on Friday.  <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James cut the price target for Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) from $96 to $82. Raymond James analyst Simon Leopold upgraded the stock from Outperform to Strong Buy. Lumentum shares settled at $66.61 on Friday. <a href="https://www.benzinga.com/quote/LITE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) price target from $30 to $31. Stifel analyst Steven Wieczynski maintained a Buy rating. Carnival shares closed at $20.94 on Friday. <a href="https://www.benzinga.com/quote/CCL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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ALNY

CNXC

IPSC

LITE

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Carnival To Rally Around 48%? Here Are 10 Top Analyst Forecasts For Monday

Evercore ISI Group analyst Stephen Kim downgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Outperform to In-Line and lowers the price target from $159 to $131.

Evercore ISI Group Downgrades Lennar to In-Line, Lowers Price Target to $131

Home construction company Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) released its <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44427172/lennar-shares-slide-after-weakness-in-the-market-leads-to-lower-sales-prices-and-gross-margin" rel="noreferrer noopener">first-quarter results </a>after Thursday&#8217;s closing bell.
The following are the comments from different analysts regarding the company&#8217;s performance.
Goldman Sachs analyst Susan Maklari reiterated a Neutral rating on the shares with a <a target="_blank" href="https://www.benzinga.com/quote/len/analyst-ratings" rel="noreferrer noopener">price forecast of $141.00.</a>
Lennar reported adjusted EPS of $2.14 for the first quarter, surpassing both Maklari&#8217;s $1.75 estimate and consensus of $1.70.
The outperformance was driven by corporate G&amp;A, adding $0.14 to results, and non-core segments, which contributed $0.12, said the analyst.
However, demand remains weak due to affordability concerns, with a projected 2% YOY mid-point growth in closings for the second quarter.
Lennar saw a 1% YOY increase in unit orders, surpassing the expected 2% decline, with strong performance in Texas and the Central region.
The company ended the first quarter with a solid balance sheet, featuring a -0.3% homebuilding net debt/cap and $5.3 billion in liquidity.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44434720/defense-secretary-slashes-580-million-in-wasteful-spending-targets-overdue-overpriced-projects" rel="noreferrer noopener">Defense Secretary Slashes $580 Million In Wasteful Spending—Targets Overdue, Overpriced Projects</a>
Oppenheimer analyst Tyler Batory reiterated a Perform rating on the shares. LEN exceeded EPS expectations for the first quarter, with deliveries and orders above guidance, while average selling price (ASP) and gross margin fell short, the analyst noted.
The outlook for second-quarter shows a similar trend, with deliveries in line with expectations but lower-than-expected gross margin and ASP.
The sequential decline in gross margin (down 70 bps Q?Q) suggests a softer spring selling season and the company&#8217;s focus on even flow production. LEN said the quarter was affected by ongoing market weakness and a tough macroeconomic environment.
Despite strong demand, higher interest rates, inflation, decreased consumer confidence, and a limited supply of affordable homes made it challenging for consumers to attain homeownership, pointed the analyst.
KBW analyst Jade J. Rahmani maintained a Market Perform rating on the shares with a price forecast of $141.00.
Lennar&#8217;s EPS of $2.14 (excluding items) surpassed KBW&#8217;s estimate, driven by lower corporate G&amp;A, financial services, and miscellaneous factors, said the analyst.
Meanwhile, homebuilding results were mixed, with lower gross margin (18.7% vs. 18.9% expected) offsetting better orders and deliveries. The second-quarter EPS guidance of $2.20 is below both KBW&#8217;s estimate and consensus, reflecting a lower-than-expected gross margin forecast of 18%.
Management noted challenging affordability (rates, high home prices) and weakening consumer confidence. The analyst expects LEN&#8217;s shares to be weak on the lower gross margin.
Price Action: LEN shares traded lower by 3.6% at $115.75 at last check Friday.
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Analyst Color

Equities

Reiteration

General

Lennar Outperforms On Orders And Earnings, But Analysts Caution On Weaker Margins And Q2 Outlook

Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off <a href="https://www.benzinga.com/markets">the session&#8217;s earlier lows.</a>
At a White House event, President Donald Trump said there would be flexibility on the upcoming tariffs, easing investor concerns that their planned implementation on April 2 could trigger major disruptions.
Read also: <a href="https://www.benzinga.com/25/03/44439169/monster-equity-inflows-say-no-one-really-believes-trade-war-bank-of-americas-hartnett-says">&#8216;Monster Equity Inflows Say No One Really Believes Trade War,&#8217; Bank Of America&#8217;s Hartnett Says</a>
The news helped improve risk sentiment in equities, while gold is having its worst session since late February, down 1% as traders scale back positions in safe-haven assets.
The U.S. dollar reversed course to notch weekly gains after two consecutive weeks of losses. Among mega-cap stocks, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the way, climbing 4.9% and 4.2%, respectively.
Boeing, up 11% for the week, is on track for its strongest weekly performance since July 2023 after securing a multibillion-dollar contract to design and build a next-generation fighter jet for the U.S. Air Force—beating out rival Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), which fell 6%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dipped 0.4% to below $84,000 but is still holding onto weekly gains.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,851.01</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,623.24</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,637.84</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,056.35</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 4:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.7% to $561.86.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.4% to $418.47.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;was down 0.2% to $478.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $203.82</li>
<li>The&nbsp;Communication&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 0.4%; the&nbsp;Materials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) was the worst sector performer, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) tumbled 7.9% in reaction to quarterly earnings, eyeing the worst day since September. </li>
<li>Other stocks reacting to earnings included Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), up 0.3%, NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), down 3%, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), down 7.9%, Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), down 4.5%, Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), down 4%. </li>
</ul>
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<li><a href="https://www.benzinga.com/news/econ-s/25/03/44435609/sp-500-could-soar-12-by-year-end-but-only-if-recession-is-avoided-goldman-sachs-says">S&amp;P 500 Could Soar 12% By Year-End—But Only If Recession Is Avoided, Goldman Sachs Says</a></li>
</ul>
Photo: Shutterstock

Government

Large Cap

Regulations

Broad U.S. Equity ETFs

Econ #s

Tech

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

Wall Street Trims Losses As Boeing Eyes Best Week In Nearly 2 Years: What's Driving Markets Friday?

Guidance

Lennar Exec Says Co Expects Q2 Gross Margins To Be About 18%, Margin Is Expected To Be Impacted By Use Of Incentives; For Q2 Expects EPS To Be Between $1.80-$2.00 Per Share

Lennar Exec Says Expects Q2 New Orders In The Range Of 22,300 To 23,500 Homes

Lennar Co-CEO, On Tariff, Says Preparing To Identify Alternative Sourcing And Material Strategies

Lennar Co-CEO Says Not Seeing The Seasonal Pickup Typically Associated With The Beginning Of The Spring Selling Season In Q2

Citizens Capital Markets analyst Aaron Hecht reiterates Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Market Outperform and maintains $170 price target.

Citizens Capital Markets Reiterates Market Outperform on Lennar, Maintains $170 Price Target

Stock Split

Press Releases

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Millrose Properties Set to Join S&P SmallCap 600

Offerings

Lennar Completes Spin-off of Millrose Properties

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Lennar Reports First Quarter 2025 Results

Quarterra Announces Start of Leasing at Tavin Apartments

Commodities

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