Lennar Co. (NYSE:LEN)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $47.55 and last traded at $48.08, with a volume of 172512 shares. The stock had previously closed at $49.00.

A number of research firms have recently commented on LEN. Zacks Investment Research upgraded Lennar from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, June 28th. Barclays reiterated an “overweight” rating and issued a $65.00 price objective (down from $72.00) on shares of Lennar in a research note on Wednesday, June 27th. Citigroup reiterated a “buy” rating and issued a $65.00 price objective on shares of Lennar in a research note on Wednesday, June 27th. ValuEngine lowered Lennar from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Wedbush restated a “neutral” rating and set a $56.00 price target (down from $62.00) on shares of Lennar in a research note on Wednesday, June 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $71.56.

The company has a quick ratio of 0.76, a current ratio of 11.81 and a debt-to-equity ratio of 0.73. The company has a market cap of $16.14 billion, a PE ratio of 12.83, a PEG ratio of 0.42 and a beta of 1.25.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, June 26th. The construction company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $1.13. Lennar had a return on equity of 12.82% and a net margin of 6.49%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 67.4% compared to the same quarter last year. equities analysts forecast that Lennar Co. will post 6.1 EPS for the current fiscal year.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief operating officer now directly owns 212,333 shares of the company’s stock, valued at $11,066,795.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mengis Capital Management Inc. boosted its holdings in Lennar by 39.4% during the second quarter. Mengis Capital Management Inc. now owns 27,855 shares of the construction company’s stock valued at $1,462,000 after purchasing an additional 7,878 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Lennar by 132.4% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 48,445 shares of the construction company’s stock valued at $2,543,000 after purchasing an additional 27,595 shares in the last quarter. Brinker Capital Inc. boosted its holdings in Lennar by 20.4% during the first quarter. Brinker Capital Inc. now owns 23,208 shares of the construction company’s stock valued at $1,368,000 after purchasing an additional 3,931 shares in the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of Lennar by 6.6% in the 2nd quarter. Neuburgh Advisers LLC now owns 18,288 shares of the construction company’s stock worth $960,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Greenbrier Partners Capital Management LLC boosted its holdings in shares of Lennar by 100.0% in the 2nd quarter. Greenbrier Partners Capital Management LLC now owns 200,000 shares of the construction company’s stock worth $10,500,000 after acquiring an additional 100,000 shares in the last quarter. 85.76% of the stock is currently owned by institutional investors.

Lennar Company Profile (NYSE:LEN)

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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