Equities research analysts at Wedbush started coverage on shares of Lennar Corp. (NYSE:LEN) in a research report issued to clients and investors on Monday. The brokerage set a “neutral” rating and a $46.00 price target on the stock. Wedbush’s price objective points to a potential upside of 5.75% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Raymond James Financial Inc. upgraded Lennar Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. FBR & Co reiterated an “outperform” rating and set a $60.00 price objective on shares of Lennar Corp. in a research note on Wednesday, June 22nd. MKM Partners reiterated a “neutral” rating and set a $52.00 price objective on shares of Lennar Corp. in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Lennar Corp. from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, August 24th. Finally, Argus began coverage on Lennar Corp. in a research note on Tuesday, July 5th. They set a “buy” rating and a $59.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $54.53.

Lennar Corp. (NYSE:LEN) opened at 43.50 on Monday. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 11.61 and a beta of 1.37. The company’s 50-day moving average price is $46.34 and its 200-day moving average price is $46.48. Lennar Corp. has a 52 week low of $37.14 and a 52 week high of $52.50.

Lennar Corp. (NYSE:LEN) last released its quarterly earnings data on Tuesday, September 20th. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.13. The business earned $2.83 billion during the quarter, compared to analyst estimates of $2.69 billion. Lennar Corp. had a return on equity of 14.41% and a net margin of 8.52%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Equities analysts forecast that Lennar Corp. will post $3.82 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of LEN. 1832 Asset Management L.P. boosted its position in shares of Lennar Corp. by 38.0% in the first quarter. 1832 Asset Management L.P. now owns 704,000 shares of the company’s stock valued at $56,644,000 after buying an additional 194,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Lennar Corp. by 166.5% in the first quarter. Canada Pension Plan Investment Board now owns 10,393 shares of the company’s stock valued at $503,000 after buying an additional 6,493 shares in the last quarter. Wexford Capital LP bought a new position in shares of Lennar Corp. during the first quarter valued at $3,845,000. Ruffer LLP bought a new position in shares of Lennar Corp. during the first quarter valued at $7,456,000. Finally, Aviva PLC boosted its position in shares of Lennar Corp. by 1.7% in the first quarter. Aviva PLC now owns 91,035 shares of the company’s stock valued at $4,402,000 after buying an additional 1,535 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

Lennar Corp. Company Profile

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

5 Day Chart for NYSE:LEN

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