Lennar Class BLEN.B
LEN.B
About: Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult 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.
Employees: 13,265
0
Funds holding %
of 7,390 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
0.83% more ownership
Funds ownership: 23.91% [Q3] → 24.74% (+0.83%) [Q4]
3% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 74
6% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 36
2% less funds holding
Funds holding: 262 [Q3] → 256 (-6) [Q4]
22% less capital invested
Capital invested by funds: $1.36B [Q3] → $1.06B (-$298M) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 8 [Q3] → 6 (-2) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for LEN.B.
Financial journalist opinion
Neutral
PRNewsWire
3 weeks ago
Lennar Corporation's First Quarter Earnings Conference Call to be Broadcast Live on the Internet
MIAMI , March 6, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 28, 2025 after the market closes on March 20, 2025. Additionally, the Company will hold a conference call on March 21, 2025 at 11:00 a.m.
Neutral
PRNewsWire
1 month ago
Quarterra Multifamily to Welcome First Move-Ins at Hawkins: San Francisco's Newest Apartment Homes on Treasure Island
178-home mid-rise community is actively leasing, with first move-ins slated for February 2025 SAN FRANCISCO , Feb. 13, 2025 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily builder, developer, and property manager, initiated leasing at Hawkins , a striking new mid-rise apartment building in San Francisco's newest neighborhood Treasure Island, in January 2025. First move-ins take place in February 2025.
Neutral
Fast Company
3 months ago
Homebuilder stocks are trying to tell us something about the 2025 housing market
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Neutral
PRNewsWire
3 months ago
Lennar Reports Fourth Quarter and Fiscal 2024 Results
2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments) Net earnings of $1.1 billion New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion Backlog of 11,633 homes with a dollar value of $5.4 billion Deliveries decreased 7% to 22,206 homes Total revenues of $9.9 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.1% S,G&A expenses as a % of revenues from home sales of 7.2% Net margin on home sales of 14.9% Financial Services operating earnings of $154 million Multifamily operating loss of $0.2 million Lennar Other operating earnings of $0.5 million Homebuilding cash and cash equivalents of $4.7 billion Years supply of owned homesites of 1.1 years and controlled homesites of 82% No outstanding borrowings under the Company's $2.9 billion revolving credit facility Homebuilding debt to total capital of 7.5% Repurchased 3 million shares of Lennar common stock for $521 million In November 2024, the Company entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder, which is expected to close in the first quarter of 2025 2024 Fiscal Year Highlights - comparisons to prior year Net earnings per diluted share of $14.31 ($13.86, excluding mark-to-market gains and other one-time items, (collectively, "adjustments")) Net earnings of $3.9 billion ($3.8 billion excluding adjustments) New orders increased 11% to 76,951 homes Deliveries increased 10% to 80,210 homes Total revenues of $35.4 billion Gross margin on home sales of 22.3%; net margin of 14.9% Redeemed/repurchased $554 million of senior notes Repurchased 13.6 million shares of Lennar common stock for $2.1 billion Homebuilding return on inventory of 29.2% MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024. Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion, or $4.06 per diluted share, compared to $1.4 billion, or $4.82 per diluted share in the fourth quarter of 2023.
Neutral
PRNewsWire
4 months ago
Quarterra Multifamily Announces the Start of Leasing at Leya Apartments
Luxury community infuses 328-home premier apartment homes into Bay Area FREMONT, Calif. , Nov. 26, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated developer, property manager, and asset manager today announced the start of leasing at Leya Apartments , the newest luxury community in California's Bay Area.
Neutral
PRNewsWire
4 months ago
Lennar To Acquire Rausch Coleman Homes
MIAMI , Nov. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced today that it has entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas. Lennar will acquire Rausch Coleman's homebuilding operations, which expects to deliver approximately 5,000 homes with an average sales price of $230,000 in calendar year 2024.
Neutral
PRNewsWire
6 months ago
Lennar Reports Third Quarter 2024 Results
Third Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 10% to $4.26 $3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segment Net earnings increased 5% to $1.2 billion New orders increased 5% to 20,587 homes Backlog of 16,944 homes with a dollar value of $7.7 billion Deliveries increased 16% to 21,516 homes Total revenues of $9.4 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.5% S,G&A expenses as a % of revenues from home sales of 6.7% Net margin on home sales of 15.8% Financial Services operating earnings of $144 million Multifamily operating earnings of $79 million Lennar Other operating earnings of $20 million Homebuilding cash and cash equivalents of $4.0 billion Years supply of owned homesites of 1.1 years and controlled homesites of 81% No outstanding borrowings under the Company's $2.2 billion revolving credit facility Homebuilding debt to total capital of 7.6% Repurchased 3.4 million shares of Lennar common stock for $519 million MIAMI , Sept. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its third quarter ended August 31, 2024.
Neutral
PRNewsWire
6 months ago
Quarterra Multifamily Announces Construction on Emblem Mill Road Apartments
Suburban Atlanta community to add 324 new homes to burgeoning metro district, help with attainable housing shortage MCDONOUGH, Ga. , Sept. 12, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, today announced construction on Emblem Mill Road, an attainably priced community located in McDonough, Georgia, southeast of Atlanta.
Neutral
PRNewsWire
6 months ago
Lennar Corporation's Third Quarter Earnings Conference Call to Be Broadcast Live on the Internet
MIAMI , Sept. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the third quarter ended August 31, 2024 after the market closes on September 19, 2024.
Neutral
PRNewsWire
7 months ago
Quarterra Multifamily Announces the Start of Leasing at Harwood Apartments
268-home luxury community creates ideal connectivity throughout Phoenix Metro PHOENIX , July 30, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix. Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience.
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