US Stock of the Day – Sep 17, 2026: Lennar <LEN>
Thursday, September 17, 2026
On September 17, 2026, the most talked-about US stock online is Lennar<LEN>.
Background: In fiscal third-quarter results released after the close on September 16, revenue fell to $8.0 billion from $8.8 billion a year earlier, net earnings dropped to $284 million from $591 million, and earnings per share came in at $1.19 against $2.29. Deliveries fell 3% to 20,840 homes, new orders fell 9% to 20,879 homes, and the average sales price slipped 3% to $372,000. Gross margin narrowed to 15.8% from 17.5% a year earlier. The 30-year fixed mortgage rate had risen to about 6.8% by quarter end, and incentives used to sustain volume averaged 12% of pricing. The company also cut its full-year delivery outlook to 80,000 to 81,000 homes from 82,000 to 83,000. The stock fell 2.37% in trading after the announcement.
Lennar (LEN)
Latest close (9/25): $82.15 (+0.68, +0.83%)