Salzhauer Michael reduced its position in Lennar Co. (NYSE:LEN) by 46.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,576 shares of the construction company’s stock after selling 4,917 shares during the period. Salzhauer Michael’s holdings in Lennar were worth $353,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in LEN. Westwood Management Corp IL purchased a new position in Lennar during the fourth quarter valued at approximately $18,238,000. Capital Growth Management LP grew its position in Lennar by 28.2% during the third quarter. Capital Growth Management LP now owns 1,090,000 shares of the construction company’s stock valued at $57,552,000 after purchasing an additional 240,000 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Lennar during the fourth quarter valued at approximately $13,456,000. PGGM Investments grew its position in Lennar by 139.8% during the fourth quarter. PGGM Investments now owns 309,200 shares of the construction company’s stock valued at $19,554,000 after purchasing an additional 180,275 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in Lennar by 13.7% during the fourth quarter. Eagle Asset Management Inc. now owns 1,223,904 shares of the construction company’s stock valued at $77,075,000 after purchasing an additional 147,399 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on LEN. Zacks Investment Research raised shares of Lennar from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday. Argus boosted their target price on shares of Lennar from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. ValuEngine downgraded shares of Lennar from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Evercore ISI raised shares of Lennar from an “in-line” rating to an “outperform” rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $77.00 target price on shares of Lennar in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.93.
Shares of Lennar Co. (NYSE LEN) opened at $60.56 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 8.42 and a quick ratio of 1.67. Lennar Co. has a one year low of $49.34 and a one year high of $72.17. The firm has a market cap of $14,100.00, a price-to-earnings ratio of 18.08, a PEG ratio of 0.62 and a beta of 1.31.
Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Lennar’s quarterly revenue was up 12.1% compared to the same quarter last year. research analysts anticipate that Lennar Co. will post 5.29 EPS for the current fiscal year.
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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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