Lennar

Lennar’s stock hit a 52-week low of $79.82 and is down about 41.5% year to date. The shares trade at a P/E ratio of 12.43; management is running aggressive share buybacks and the company has paid dividends for 49 years. For the six months ended May 31, homebuilding revenue fell to $13.9 billion (-8%), average selling price declined 6% to $371,000, and gross margin slipped to 15.4%, prompting S&P to change the outlook to “stable.” Lennar will report quarterly results on September 16; options data suggest a potential move of around 5.2%. » Mere på de.investing.com

Eagle Capital Management says Lennar Corporation's margins and earnings have collapsed in recent years due to weakness in its geographic markets and a shift to a 'land light' model after spinning off its land bank. While the spin-off should lower balance-sheet risk and improve long-term returns on capital, it has reduced margins and exacerbated earnings pressure in the current weak housing market. Eagle expects excess inventory to clear over time, with volume and discounting conditions improving; sector M&A activity and recent deals illustrate depressed valuations. Lennar closed at $84.94 on August 18, 2026, with a 52-week loss of 31.45% and a market capitalization of $20.42 billion. » Mere på finance.yahoo.com

S&P Global lowers Lennar’s outlook from “positive” to “stable” and affirms all ratings, including the issuer rating BBB. The move is justified by declining revenues and shrinking gross margins due to reduced affordability and higher mortgage rates; the homebuilding business posted revenue of USD 13.9 billion (-8%) and a gross margin of about 15.4% for the six months to May 31, 2026. Metrics: debt/EBITDA 1.7x, FFO/debt ~29%, and EBITDA interest coverage 11.6x; S&P expects 2026 EBITDA margins of 7–8% and could downgrade the rating if leverage rises sustainably above 2x or margins deteriorate significantly. Cash and equivalents amount to USD 4.7 billion. » Mere på de.investing.com