Lennar Co. (NYSE:LEN) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $58.23.
Several brokerages have recently weighed in on LEN. Mizuho cut shares of Lennar from a “buy” rating to a “neutral” rating and lowered their price target for the company from $59.00 to $53.00 in a research report on Tuesday, September 19th. BTIG Research boosted their price target on shares of Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. MKM Partners reissued a “neutral” rating on shares of Lennar in a research report on Tuesday, September 5th. Royal Bank of Canada reissued a “buy” rating and set a $64.00 price target on shares of Lennar in a research report on Monday, September 25th. Finally, Wedbush reissued a “neutral” rating and set a $54.00 price target on shares of Lennar in a research report on Thursday, September 14th.
Shares of Lennar (NYSE LEN) traded up $1.19 during mid-day trading on Monday, hitting $63.75. 2,152,087 shares of the stock traded hands, compared to its average volume of 2,466,588. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. The firm has a market cap of $14,557.89, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.35. Lennar has a 1 year low of $42.23 and a 1 year high of $64.00.
Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Lennar had a net margin of 6.65% and a return on equity of 12.37%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. analysts expect that Lennar will post 4.04 EPS for the current fiscal year.
In other Lennar news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now owns 371,043 shares of the company’s stock, valued at $22,262,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.18% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LEN. D.A. Davidson & CO. lifted its position in shares of Lennar by 8.9% during the second quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after purchasing an additional 155 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Lennar by 32.4% during the second quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock worth $114,000 after purchasing an additional 530 shares in the last quarter. QS Investors LLC lifted its position in shares of Lennar by 1.0% during the second quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares in the last quarter. MUFG Americas Holdings Corp lifted its position in shares of Lennar by 7.3% during the second quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock worth $173,000 after purchasing an additional 220 shares in the last quarter. Finally, Chartist Inc. CA acquired a new stake in shares of Lennar during the second quarter worth about $200,000. 81.25% of the stock is currently owned by institutional investors.
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Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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