Investment analysts at Buckingham Research started coverage on shares of Lennar (NYSE:LEN) in a research report issued on Friday, The Fly reports. The brokerage set a “buy” rating on the construction company’s stock. The analysts noted that the move was a valuation call.

A number of other equities analysts have also commented on the company. Bank of America cut their price objective on Lennar from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank lifted their price objective on Lennar to $56.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Lennar from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup cut their price objective on Lennar from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. Finally, ValuEngine raised Lennar from a “strong sell” rating to a “sell” rating in a research note on Monday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have assigned a buy rating to the company. Lennar currently has an average rating of “Buy” and a consensus target price of $61.00.

Shares of LEN stock opened at $45.17 on Friday. Lennar has a 12 month low of $37.29 and a 12 month high of $72.17. The stock has a market cap of $15.29 billion, a PE ratio of 7.11, a PEG ratio of 0.43 and a beta of 1.17. The company has a current ratio of 12.62, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, January 9th. The construction company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.05. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.46 billion. Lennar had a return on equity of 14.02% and a net margin of 8.24%. The business’s revenue for the quarter was up 70.7% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. Equities analysts predict that Lennar will post 6.45 EPS for the current year.

In other news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $40.03, for a total transaction of $800,600.00. Following the completion of the sale, the chief operating officer now owns 171,014 shares in the company, valued at $6,845,690.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 8.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC grew its holdings in Lennar by 14.5% during the third quarter. Belpointe Asset Management LLC now owns 6,306 shares of the construction company’s stock worth $294,000 after buying an additional 797 shares in the last quarter. Brown Advisory Inc. grew its stake in Lennar by 16.1% in the 2nd quarter. Brown Advisory Inc. now owns 6,999 shares of the construction company’s stock valued at $368,000 after purchasing an additional 972 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in Lennar by 2.6% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 49,707 shares of the construction company’s stock valued at $2,321,000 after purchasing an additional 1,262 shares during the period. Capital Analysts LLC grew its stake in Lennar by 7.3% in the 3rd quarter. Capital Analysts LLC now owns 20,650 shares of the construction company’s stock valued at $964,000 after purchasing an additional 1,412 shares during the period. Finally, Global X Management Co LLC grew its stake in Lennar by 20.7% in the 2nd quarter. Global X Management Co LLC now owns 8,671 shares of the construction company’s stock valued at $455,000 after purchasing an additional 1,486 shares during the period. Institutional investors and hedge funds own 84.53% 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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