Lennar Stock (LEN) Falls After Q4 2025 Earnings Miss: Analyst Downgrades, 2026 Guidance and Housing Market Signals (Dec. 19, 2025)
Lennar shares fell to $106.65 on Friday, extending a four-day slide after the company’s fiscal Q4 report showed margins dropping to 17% from 22.1% a year earlier. Net earnings for the quarter ended Nov. 30 were $490 million on $9.4 billion in revenue, with deliveries and new orders both rising. Management warned of further margin pressure ahead, prompting analysts to cut price targets.