Press coverage about Lennar (NYSE:LEN) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lennar earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.7457252317283 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Summer Sales Event: Hot Deals and Cool Homes with Air Conditioning Included in Colorado! — Lennar (menafn.com)
- Lennar Grand Opens Model Homes at Laurel Oak at Shady Trails June 23 — Lennar (menafn.com)
- Lennar reports Q2 results June 26 (nasdaq.com)
- Free Stock Performance Review on PulteGroup and Three Additional Residential Construction Stocks — Lennar, M.D.C. Holdings, PulteGroup, and Taylor Morrison Home (finance.yahoo.com)
- Boulevard MP in Dublin, California Breaks Ground for Unique Rec Center (builderonline.com)
Several brokerages have commented on LEN. Zacks Investment Research upgraded shares of Lennar from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, March 13th. Deutsche Bank dropped their price target on shares of Lennar from $68.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday, April 10th. ValuEngine cut shares of Lennar from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Maxim Group dropped their price target on shares of Lennar from $83.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, May 23rd. Finally, Credit Suisse Group dropped their price target on shares of Lennar from $81.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, April 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $70.69.
Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, April 4th. The construction company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.35. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.05 billion. Lennar had a return on equity of 11.65% and a net margin of 6.84%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. sell-side analysts expect that Lennar will post 4.89 earnings per share for the current year.
In other Lennar news, Director Jeffrey Sonnenfeld sold 2,095 shares of Lennar stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $62.98, for a total transaction of $131,943.10. Following the transaction, the director now owns 32,072 shares of the company’s stock, valued at approximately $2,019,894.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Joseph Mccall sold 50,888 shares of Lennar stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $53.92, for a total value of $2,743,880.96. Following the transaction, the senior vice president now directly owns 190,053 shares in the company, valued at approximately $10,247,657.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,870 shares of company stock worth $5,455,795. Corporate insiders own 8.50% of the company’s stock.
Lennar Company Profile
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.
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