Lennar (LEN) reported earnings 30 days ago. What's next for the stock?
Millrose Properties Inc., spun out of Lennar, serves as an asset-light land bank with deep operational and financial ties to LEN. MRP's abrupt pivot into rental homes triggered a short-seller report, erasing $1.4B in market cap. We dive in to assess the damage and tell you why we are long.
LEN is prioritizing housing volume as affordability pressures squeeze margins, with lower costs and faster cycles supporting its strategy.
Berkshire keeps buying Lennar shares even as the stock sinks below what it paid, a short seller questions the company's reported deliveries, and Greg Abel himself admits he sees no quick recovery in housing. That raises a question worth answering.
LEN's shares face pressure from high mortgage rates, weaker affordability, falling home prices and sharp margin compression.
Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) moved fast into a homebuilder Wall Street has turned against. Per TipRanks, Berkshire bought $212.4 million of Lennar (NYSE:LEN) stock, over 2.
Berkshire, which owns several homebuilders, appears to have taken advantage of Lennar's depressed stock price.
At $81.47, Lennar (NYSE:LEN | LEN Price Prediction) looks compelling on a research basis.
Wall Street analysts had already set a relatively low bar for Lennar's NYSE: LEN fiscal Q3 2026 earnings, reflecting expectations of continued pressure on the homebuilder amid a challenging housing market.
Lennar TodayLENLennar$75.97 -3.73 (-4.69%) As of 11:30 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$75.70▼$133.76Dividend Yield2.63%P/E Ratio14.38Price Target$89.07Add to WatchlistLennar NYSE: LEN faces hurdles, but these are near-term issues that obscure what investors should focus on.
Lennar Corporation (LEN) Q3 2026 Earnings Call Transcript
Lennar NYSE: LEN reported third-quarter 2026 results that met its delivery guidance as the homebuilder navigated higher mortgage rates, affordability pressures and increased competition from resale homes.