Lennar

Ticker: LEN

Sector: Household Durables

Lennar

Lennar is offering a 4.25% mortgage rate buydown in Colorado. Denver is still their weakest housing market. Lennar builds affordable, move-up and active adult homes. Lennar Premier Homes is a unique collaboration between Lennar and its many business partners that creates a lower monthly payment option that allows a first-time home buyer to purchase a home rather than rent. Premier Homes will account for about 20% of all Lennar homes built this year. JP Morgan Maintains Neutral Rating for Lennar, Lowers Price Target to $135. Lennar builds affordable, move-up and retirement homes in almost almost any lifestyle – lifestyle – retirement communities. Lennar Corporation is one of the largest home construction and real estate companies in the United States. Lennar is known for its commitment to quality, innovation, and customer satisfaction. The company has a vast presence across the U.S. with operations in more than 20. Lennar is committed to sustainable practices and offers eco-friendly housing options. Lennar prioritizes energy-efficient design and incorporates sustainable features in their homes to minimize energy consumption. Lennars commitment to innovation, quality craftsmanship, and customer satisfaction sets them apart from competitors. Lennar generated total revenues of $8.7 billion for the third quarter of 2023, which was down 2% year-over-year. Lennar saw its revenues from home sales drop 2% in the third. quarter, mainly due to a 9% decrease in average sales price of home deliveries. Raymond James upgraded shares of Lennar from a market perform rating to an outperform rating. Goldman Sachs analyst Susan Maklari maintained a Buy rating on Lennar (LEN) on September 15 and set a price target of $142.00. The word on The Street suggests a Moderate Buy analyst consensus rating for Lennar with a $145.36 average price target, a 24.20% upside from current levels. Lennar recently announced its earnings results for the quarter ending September 15th. The construction company reported earnings per share of $3.91, outperforming the projected $3.52 by $0.39. Approximately 79.87% of the stock is owned by hedge funds. Lennar (NYSE:LEN) has rallied higher in 2023, defying the odds despite a slowdown in the housing market. Lennar continues to outpace consensus on strength in deliveries. Signs of normalization are mounting and a return to growth is at hand. Lennar Corp. reported third quarter 2023 results: Net earnings per diluted share of $3.87. Deliveries increased 8% to 18,559 homes New orders increased 37% t... Lennar Corp. Cl A U.S.: NYSE Add to Watchlist 0.00 LEN Real Time Quote About Lennar. Lennar operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. 4,309,121 reviews on ConsumerAffairs are verified. Overall Rating 1.3 out of 5. Lennar: Find Your New Home with Lennar. New Home Source Search new homes Search for new homes.