Lennar (NYSE:LEN) has been assigned a $53.00 price target by Royal Bank of Canada in a research note issued on Thursday. The brokerage presently has a “buy” rating on the construction company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 14.20% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Deutsche Bank upgraded Lennar from a “hold” rating to a “buy” rating and decreased their price target for the stock from $58.00 to $51.00 in a research note on Monday, October 22nd. TheStreet downgraded Lennar from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. JMP Securities set a $56.00 price target on Lennar and gave the stock a “buy” rating in a research note on Friday, October 5th. Wedbush upgraded Lennar from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $56.00 to $50.00 in a research note on Monday, October 29th. Finally, Mizuho set a $60.00 price target on Lennar and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $60.19.

Shares of Lennar stock traded up $1.24 during trading hours on Thursday, hitting $46.41. 5,361,486 shares of the company’s stock traded hands, compared to its average volume of 6,242,648. The company has a debt-to-equity ratio of 0.67, a current ratio of 12.62 and a quick ratio of 0.72. The company has a market capitalization of $15.29 billion, a PE ratio of 7.31, a P/E/G ratio of 0.43 and a beta of 1.17. Lennar has a twelve month low of $37.29 and a twelve month high of $72.17.

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

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $40.03, for a total value of $800,600.00. Following the transaction, the chief operating officer now owns 171,014 shares of the company’s stock, valued at $6,845,690.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Lennar by 3.7% during the third quarter. Vanguard Group Inc. now owns 31,160,634 shares of the construction company’s stock valued at $1,445,931,000 after buying an additional 1,099,188 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Lennar by 2.1% during the third quarter. Alliancebernstein L.P. now owns 4,037,099 shares of the construction company’s stock valued at $188,492,000 after buying an additional 81,676 shares during the last quarter. Miller Value Partners LLC raised its holdings in shares of Lennar by 0.5% during the second quarter. Miller Value Partners LLC now owns 1,393,550 shares of the construction company’s stock valued at $73,161,000 after buying an additional 7,325 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Lennar by 3.5% during the third quarter. Sterling Capital Management LLC now owns 1,080,531 shares of the construction company’s stock valued at $50,450,000 after buying an additional 36,434 shares during the last quarter. Finally, Stelliam Investment Management LP raised its holdings in shares of Lennar by 14.5% during the third quarter. Stelliam Investment Management LP now owns 1,027,500 shares of the construction company’s stock valued at $47,974,000 after buying an additional 130,000 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors.

About Lennar

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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