Evercore ISI Reiterates Sell Rating on Lennar Corporation

Evercore ISI Group has reiterated its sell rating on Lennar Corporation (NYSE:LEN), setting a price target of $87. This decision was announced on June 15, 2026, by analyst Stephen Kim. The stock was trading at $90.29 around the time of the announcement.

Other Institutional Activity in Lennar Corporation

Several major institutional investors have been adjusting their stakes in Lennar Corporation. BlackRock, Inc. increased its holdings by 169,788 shares, reaching a total of 18,256,480 shares valued at approximately $1.59 billion. Vanguard Capital Management LLC reported holding 12,947,306 shares, worth about $1.12 billion. Eagle Capital Management LLC trimmed its position by 105,757 shares, ending with 10,880,455 shares valued at $944.86 million. Meanwhile, Greenhaven Associates Inc boosted its stake by 537,984 shares to 10,632,131 shares, valued at $923.29 million. Berkshire Hathaway Inc significantly increased its holdings by 3,048,692 shares, totaling 10,099,642 shares worth $877.05 million.

Lennar Corporation Stock Snapshot

Lennar Corporation's shares were recently trading at $90.29. The company has a market capitalization of about $22.24 billion, with a P/E ratio of 14.15 and a forward P/E of 12.25. The stock's beta is 1.4, indicating higher volatility compared to the market. Over the past 52 weeks, Lennar's shares have ranged from a low of $81.18 to a high of $144.24. The 50-day moving average is $89.32, and the 200-day moving average is $110.24. Lennar maintains a solid current ratio of 11.40 and a quick ratio of 1.43, with a debt-to-equity ratio of 28.48.

Recent Earnings

In its latest earnings report, Lennar Corporation posted revenue of $32.74 billion, although it experienced a slight revenue decline of 5.2%. The company reported an EPS of $6.38, with a net margin of 4.93% and a return on equity of 7.37%. The next earnings release is scheduled for September 17, 2026.

Dividend

Lennar Corporation offers an annual dividend rate of $2.00, yielding 2.21%. The dividend payout ratio stands at 31.35%, reflecting the portion of earnings distributed to shareholders.

Insider Buying and Selling at Lennar Corporation

Recent insider activity at Lennar includes several purchases and one sale. On May 29, 2026, Jeffrey Sonnenfeld and Armando Olivera bought 320 and 501 shares, respectively, at $89.78 each. Earlier, on May 11, 2026, Executive Chairman and CEO Stuart Miller sold 2,000 shares at an undisclosed price. In April, insiders like Sherrill Hudson and Theron Gilliam each bought 12 shares at $94.45.

Analysts Set New Price Targets

On June 15, 2026, Evercore ISI Group maintained its sell rating on Lennar with a price target of $87. Keefe, Bruyette & Woods downgraded the stock to a sell with a target of $86 on June 9, 2026. The consensus recommendation for Lennar is to hold, with an average price target of $89 among 14 analysts.

About Lennar Corporation

Lennar Corporation, headquartered in Miami, Florida, is a leading homebuilder in the United States. The company operates under various segments, including Homebuilding East, Central, South Central, and West, as well as Financial Services and Multifamily. Lennar constructs and sells single-family homes, develops residential land, and manages multifamily rental properties. It also provides mortgage financing, title insurance, and closing services. Founded in 1954, Lennar serves a diverse customer base, from first-time buyers to luxury home seekers.

Bottom Line

Evercore ISI's reiteration of a sell rating on Lennar underscores the firm's cautious view on the stock, with a target price of $87. Lennar's current trading price and recent institutional activity suggest varying investor sentiments. As always, 13F filings and analyst ratings provide a snapshot of past positions and opinions, not current buy or sell recommendations.