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Lennar Corporation (LEN-B)


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Upturn Advisory Summary
10/21/2025: LEN-B (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 61.5% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 28.92B USD | Price to earnings Ratio 8.73 | 1Y Target Price - |
Price to earnings Ratio 8.73 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.35 | 52 Weeks Range 93.63 - 166.75 | Updated Date 06/29/2025 |
52 Weeks Range 93.63 - 166.75 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 1.90% | Basic EPS (TTM) 12.07 |
Earnings Date
Report Date 2025-06-16 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 9.21% | Operating Margin (TTM) 7.91% |
Management Effectiveness
Return on Assets (TTM) 7.24% | Return on Equity (TTM) 13.26% |
Valuation
Trailing PE 8.73 | Forward PE 12.02 | Enterprise Value 30542028989 | Price to Sales(TTM) 0.82 |
Enterprise Value 30542028989 | Price to Sales(TTM) 0.82 | ||
Enterprise Value to Revenue 0.86 | Enterprise Value to EBITDA 7.53 | Shares Outstanding 31609700 | Shares Floating 234330280 |
Shares Outstanding 31609700 | Shares Floating 234330280 | ||
Percent Insiders 69.91 | Percent Institutions 25.2 |
Upturn AI SWOT
Lennar Corporation

Company Overview
History and Background
Lennar Corporation, founded in 1954 as F & R Builders in Miami, Florida, is one of the nation's leading homebuilders. It has grown through acquisitions and organic expansion, focusing on various housing markets and diversifying its offerings.
Core Business Areas
- Homebuilding: Designs, constructs, and sells single-family attached and detached homes. This is Lennar's primary revenue driver.
- Financial Services: Provides mortgage financing, title insurance, and closing services to homebuyers through its subsidiary, Lennar Financial Services.
- Multifamily: Develops, manages, and owns multifamily residential properties, primarily for lease.
- Lennar Other: Includes strategic investments in technology and innovation companies related to the homebuilding industry.
Leadership and Structure
Lennar is led by Stuart Miller (Executive Chairman) and Jon Jaffe (Co-Chief Executive Officer) and Diane Bessette (Chief Financial Officer). It operates with a decentralized structure, with regional presidents managing local homebuilding operations.
Top Products and Market Share
Key Offerings
- Single-Family Homes: Lennar's primary product, ranging from entry-level to luxury homes. They build homes in 37 markets across 22 states. Competitors include D.R. Horton, NVR, and PulteGroup. No precise market share data available for this product specifically, but Lennar has largest share in the total Homebuilding segment.
- Mortgage Financing: Provided through Lennar Financial Services. Caters primarily to Lennar homebuyers, creating a captive audience. Competitors include major national mortgage lenders such as Rocket Mortgage, United Wholesale Mortgage.
- Multifamily Rental Units: Apartment complexes developed and managed by Lennar Multifamily. Competitors include major apartment REITs such as Equity Residential, AvalonBay Communities.
Market Dynamics
Industry Overview
The homebuilding industry is cyclical and highly sensitive to interest rates, economic growth, and consumer confidence. It is currently facing challenges from high mortgage rates, supply chain disruptions, and skilled labor shortages but also benefitting from long-term demographic trends supporting housing demand.
Positioning
Lennar is positioned as one of the largest and most geographically diversified homebuilders in the US, giving it economies of scale. Its financial services arm provides a competitive advantage. Its vertical integration in construction and financial services gives it a competitive advantage.
Total Addressable Market (TAM)
The US residential construction market is estimated to be worth hundreds of billions of dollars annually. Lennar's revenue represents a significant portion of the market, but there is still substantial room for growth. Lennar captured 3.4% of the housing market in 2023.
Upturn SWOT Analysis
Strengths
- Large scale and national presence
- Strong brand recognition
- Vertically integrated operations (homebuilding and financial services)
- Diversified product offerings
- Strong financial position
Weaknesses
- Sensitivity to economic cycles and interest rate fluctuations
- High debt levels (relative to equity)
- Exposure to regional housing market variations
- Reliance on subcontractors
- Inventory risk
Opportunities
- Expansion into new geographic markets
- Increased focus on build-to-rent communities
- Technological innovation in construction and sales
- Capitalizing on demographic trends favoring homeownership
- Acquisition of smaller homebuilders
Threats
- Rising interest rates
- Economic recession
- Supply chain disruptions and material cost inflation
- Labor shortages
- Increased competition
Competitors and Market Share
Key Competitors
- DHI
- NVR
- PHM
- TOL
Competitive Landscape
Lennar's advantages include its scale, brand recognition, and vertical integration. Its disadvantages include sensitivity to economic cycles and high debt levels. D.R. Horton is a formidable competitor with a similar scale and focus on affordability. NVR has a lower-risk business model focused on land options rather than direct ownership.
Major Acquisitions
CalAtlantic Group
- Year: 2018
- Acquisition Price (USD millions): 9300
- Strategic Rationale: Expanded Lennar's geographic footprint and strengthened its position as the largest homebuilder in the US.
Growth Trajectory and Initiatives
Historical Growth: Lennar has experienced significant revenue growth over the past decade, fueled by acquisitions and organic expansion into new markets.
Future Projections: Analysts expect moderate revenue growth for Lennar in the coming years, driven by continued housing demand and its expansion initiatives. Earnings growth is expected to be impacted by rising interest rates and increased competition.
Recent Initiatives: Lennar has focused on increasing its investments in technology and build-to-rent projects to improve operational efficiency and appeal to a broader range of customers.
Summary
Lennar is a robust company, leveraging its vast scale and integrated operations to perform well. Its financial services boost revenue and profit margins. Exposure to market cycles and interest rate hikes should be observed. Strategic tech initiatives could sustain strong growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Lennar Corporation Investor Relations
- SEC Filings
- Analyst Reports
- Market Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be construed as financial advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lennar Corporation
Exchange NYSE | Headquaters Miami, FL, United States | ||
IPO Launch date 2003-04-23 | Co-CEO & Executive Chairman Mr. Stuart A. Miller | ||
Sector Consumer Cyclical | Industry Residential Construction | Full time employees 13265 | Website https://www.lennar.com |
Full time employees 13265 | Website https://www.lennar.com |
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.

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