BTIG Research downgraded Lennar from Buy to Neutral
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | Buy → Neutral | BTIG Research | |
| 12/11/2024 | $210.00 → $181.00 | Overweight → Equal Weight | Barclays |
| 10/7/2024 | $205.00 → $190.00 | Overweight → Equal Weight | Wells Fargo |
| 8/5/2024 | Buy → Neutral | Seaport Research Partners | |
| 7/22/2024 | $180.00 → $174.00 | Buy → Neutral | Goldman |
| 7/9/2024 | $144.00 | Underperform → Neutral | Wedbush |
| 7/2/2024 | Outperform → Mkt Perform | Raymond James | |
| 7/2/2024 | $174.00 → $164.00 | Buy → Neutral | Citigroup |
Ferguson Enterprises Inc. (the "Company") today announces that it will hold its first annual meeting of stockholders (the "Annual Meeting") on December 5, 2024 as the successor registrant of Ferguson plc, subject to the consummation of the Merger (as defined below), and announces the appointment of Rekha Agrawal and Richard ("Rick") Beckwitt to the Company's board as non-employee directors ("NEDs"). "We are delighted to welcome Rekha and Rick to the Board," said Geoff Drabble, Board Chair of Ferguson Enterprises Inc. "They bring significant operational and leadership experience, creating value for large publicly listed companies operating in the U.S. Their industry knowledge and experienc
Invitation Homes will manage the 4,400 homes in the portfolio that are within its core markets and invest in the joint venture Invitation Homes Inc. (NYSE:INVH), the nation's premier single-family home leasing and management company, announced today that it has entered into a joint venture with Quarterra Group Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN), Centerbridge Partners, L.P., and other high quality institutional investors. As part of their agreement, Invitation Homes has acquired a minority equity interest in a portfolio of single-family homes for lease that are part of the Upward America joint venture. Upward America has selected Invitation Homes to provide ma
MIAMI, July 14, 2023 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's leading homebuilders, announced today that after 17 years with Lennar, Rick Beckwitt has decided to retire as a Co-CEO and Co-President and resign as a member of the Board of Directors of the Company. Mr. Beckwitt joined Lennar in March 2006 as Executive Vice President. He was a member of the executive team and worked diligently to weather the collapse of the housing and finance industries during the Great Recession of 2008. Through teamwork and dedication, Lennar was able to stabilize and fortify its foundation, setting the stage for growth and productivity. By April 2018, Mr. Beckwitt became Chief Execu
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 billionNew orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billionBacklog of 11,633 homes with a dollar value of $5.4 billionDeliveries decreased 7% to 22,206 homesTotal revenues of $9.9 billionHomebuilding operating earnings of $1.5 billionGross 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 millionMultifamily operating loss of $0.2 millionLennar Ot
MIAMI, Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) ("Lennar"), one of the nation's leading homebuilders, announced that its recently formed subsidiary, Millrose Properties, Inc. ("Millrose"), has filed with the Securities and Exchange Commission a registration statement under the Securities Act of 1933 on Form S-11 relating to a planned spin-off consisting of a contribution by Lennar to Millrose of land and cash and a distribution of Millrose's stock to Lennar's stockholders (the "Spin-Off"). The planned Spin-Off is subject to final approval from the Lennar Board of Directors and other customary conditions. Detailed information about Millrose and the planned Spin-Off is cont
MIAMI, Dec. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2024 after the market closes on December 18, 2024. Additionally, the Company will hold a conference call on December 19, 2024 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at investors.lennar.com. If you are unable to participate during the live webcast, the call will be archived at investors.lennar.com for 90 days. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for a
BTIG Research downgraded Lennar from Buy to Neutral
Barclays downgraded Lennar from Overweight to Equal Weight and set a new price target of $181.00 from $210.00 previously
Wells Fargo downgraded Lennar from Overweight to Equal Weight and set a new price target of $190.00 from $205.00 previously
8-K - LENNAR CORP /NEW/ (0000920760) (Filer)
8-K - LENNAR CORP /NEW/ (0000920760) (Filer)
10-Q - LENNAR CORP /NEW/ (0000920760) (Filer)
4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
SC 13G - LENNAR CORP /NEW/ (0000920760) (Subject)
SC 13D/A - LENNAR CORP /NEW/ (0000920760) (Subject)
SC 13G/A - LENNAR CORP /NEW/ (0000920760) (Subject)
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 billionNew orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billionBacklog of 11,633 homes with a dollar value of $5.4 billionDeliveries decreased 7% to 22,206 homesTotal revenues of $9.9 billionHomebuilding operating earnings of $1.5 billionGross 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 millionMultifamily operating loss of $0.2 millionLennar Ot
MIAMI, Dec. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2024 after the market closes on December 18, 2024. Additionally, the Company will hold a conference call on December 19, 2024 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at investors.lennar.com. If you are unable to participate during the live webcast, the call will be archived at investors.lennar.com for 90 days. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for a
MIAMI, Sept. 25, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on October 24, 2024 to holders of record at the close of business on October 9, 2024. About LennarLennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes an