Lennar Corp (LEN) Stock AnalysisLENStock AnalysisLennar Corp

Lennar Corporation is a homebuilder and an originator of residential and commercial mortgage loans. The Company is a provider of title insurance and closing services and a developer of multifamily rental properties. Its segments include Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment primarily includes the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through the Company's unconsolidated entities. The Financial Services segment primarily provides mortgage financing, title and closing services primarily for buyers of our homes, as well as property and casualty insurance. The Multifamily segment focuses on developing a geographically diversified portfolio of institutional multifamily rental properties in select United States markets. The Lennar Other segment includes fund investments. It operates in the Consumer Cyclicals sector (GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS industry).

Lennar Corp is currently trading at $86.33, which is below the average analyst price target of $88. The forward P/E ratio is 13.37, indicating a reasonable valuation, but the RSI is at 48.67, suggesting it is neither overbought nor oversold. The main risk is the recent downgrade by Truist, which highlights concerns over land banking costs and negative gross margins, with the latest gross margin reported at just 7.71%.

22 analysts cover LEN: 13 rate it Buy, 9 Hold and 0 Sell. The average price target is 101.18.