LEN
LENNAR CORP /NEW/Evidence as of 2026-09-03Overview · LENNAR CORP /NEW/
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 a…
Management team
- Ms. Diane J. Bessette · CFO & VPFind on LinkedIn
- Mr. David M. Collins · VP & ControllerFind on LinkedIn
- Mr. Mark Sustana Esq. · VP, General Counsel & SecretaryFind on LinkedIn
- Mr. Jonathan M. Jaffe · Co-CEO, President & DirectorFind on LinkedIn
Start your 7-day free trial to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.5 on a −2 to +2 scale — was −0.6 before the debate changed the read.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The desk rates the evidence balance Cautious ( -0.5 of a possible +2; was -0.6 before debate) with high confidence. Weighted average diluted shares outstanding narrowed from 270,164,000 in the quarter ended 31 August 2024 (Q3 2024) to 260,286,000 in the fiscal quarter ended 31 May 2025 (Q2 2025), then to 244,438,000 in the fiscal quarter ended 28 February 2026 (Q1 2026) and to 240,776,000 in the fiscal quarter ended 31 May 2026 (Q2 2026).
Revenues declined between like quarters: Q2 2025 revenue was $ 8,377,502,000 versus $ 7,939,872,000 in Q2 2026, and net income for those quarters fell from $ 477,449,000 to $ 304,772,000, producing diluted EPS of $ 1.81 in Q2 2025 and $ 1.24 in Q2 2026. Long‑term debt rose from $ 4,189,239,000 as of 30 November 2024 (FY 2024) to $ 5,874,995,000 as of 30 November 2025 (FY 2025).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Weighted average diluted shares outstanding decreased from 270,164,000 in the quarter ended 31 August 2024 to 260,286,000 in the quarter ended 31 May 2025, then to 244,438,000 in the quarter ended 28 February 2026 and to 240,776,000 in the quarter ended 31 May 2026.
XBRL companyfacts · 0001628280-25-044086Revenues for the fiscal quarter ended 31 May 2025 were $8,377,502,000, and revenues for the fiscal quarter ended 31 May 2026 were $7,939,872,000, indicating a decline in revenue between those like quarters.
XBRL companyfacts · 0001628280-25-033777Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the past 6 months is -20.7%, placing the stock in the 7th percentile of the 547-stock research universe on 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debate12-month momentum (12_1) is -23.5%, ranked in the 13th percentile of the 547-stock research universe on 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00 LEN was a constituent of the IVV ETF with a weight of 0.03% of that fund.
ETF constituents · market dataThe recorded membership and weight represent a small passive exposure to LEN within the IVV portfolio (0.03% of fund) as of the timestamped record on 2026-09-02.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
The company announced it will release third quarter 2026 earnings after market close on 16 September 2026 and host a conference call on 17 September 2026.
News · finance.yahoo.com · 2026-09-02A finance.yahoo.com article framed Lennar as risky, saying the stock fell about 25% over the prior six months and pointing to softer quarterly results as a driver of that decline.
News · finance.yahoo.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free cash flow (FCF) growth rate of 0.293 (29.3%) that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month free cash flow (FCF) is reported as $459,145,000 and trailing twelve‑month price-to-FCF is 43.83.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several claims together support a favorable read: the company materially reduced diluted shares outstanding (fundamentals-0), which helps concentrate reported earnings per share despite some quarterly EPS weakness, and trailing twelve‑month EPS and P/E (valuation-2) place the firm at a mid‑teens earnings multiple. Trailing operating income and EBITDA (valuation-3) show substantial underlying profitability on a twelve‑month basis, and the stock yields a cash return with multi‑year dividend growth (market-5), consistent with income-generating characteristics. Recent operations evidence such as the new community grand opening (news-2, news-3) indicates ongoing homebuilding activity rather than cessation. Against bearish points like short‑term revenue and quarterly net income declines, the combination of share count reduction and strong trailing operating metrics provides a counterweight; several bearish signals rely on short‑window market momentum or model assumptions (valuation-0) that can be sensitive to inputs.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
25 surviving claims rest on 12 distinct sources; the heaviest analyst carries 28% of them, and 96% of what the desk raised survived the debate.
The evidence set is moderately concentrated: 25 surviving claims draw on 12 sources, with one analyst responsible for a sizable share of the claims. The very high internal survival rate (96%) means the desk retained most challenges during review — that strengthens consistency but also raises the possibility that alternative interpretations were not fully explored.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 2 in Residential Construction (as of 2026-09-02).
6-month relative strength ranks 2nd of 2 in Residential Construction (as of 2026-09-02).
90-day volatility ranks 1st of 2 in Residential Construction (as of 2026-09-02).
dividend yield ranks 1st of 2 in Residential Construction (as of 2026-09-02).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
18 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer−0.6 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.0 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
Get this for the tickers you actually hold
Plus the one thing no sample can show: how each name correlates with your portfolio, and what hides inside your funds.
The full terminal on LEN Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.